The real estate fund management division of French insurer AXA has brought its equity pile for AXA Real Estate Development Venture III to €377.5m after is second closing.
2 min read · 15 January 2013
Privately financed infrastructure projects in the UK may have been rated too conservatively according to an infrastructure investment analyst, who calls for a reassessment from the ratings agencies.
2 min read · 15 January 2013
The 6-year-old distressed debt affiliate — which is also rumoured to be raising a new distressed debt fund — beat its $400m target.
2 min read · 15 January 2013
3i Infrastructure, the London-listed infrastructure investor, has signed a new £200m revolving credit facility with a five-member banking syndicate. It replaces an equivalent £225m facility due to expire next month, and will be used as a ‘bridge to equity’ to finance future transactions.
2 min read · 15 January 2013
The Bethesda, Maryland firm, co-founded by Robert Johnson (pic) and Thomas Baltimore, is talking to LPs about consolidating its Urban Lodging Fund II and Fund III for a possible IPO as a public REIT.
2 min read · 15 January 2013
The firm expects to hit the fundraising trail this year targeting a similar amount to its $10.9bn opportunity fund, BREP VI, which is 70% invested. President Tony James said Blackstone invested $5bn of equity in real estate in 2010.
2 min read · 15 January 2013
Democratic Representative Rosa DeLauro of Connecticut again sponsored legislation to create a powerful, centralised infrastructure financing institution. The legislation is similar to her 2009 infrastructure bank bill, but with a few key changes. President Barack Obama has repeatedly supported the creation of an infrastructure bank.
3 min read · 15 January 2013
Optimal conditions have arrived for greenfield PPPs in the US, but who will benefit? Andrew Fraiser of Allen & Overy examines the evidence.
6 min read · 15 January 2013
Infrastructure investment analyst Robert Bain suggests it might be time to re-assess the credit quality of UK public-private partnerships – a mature, resilient sector characterised by low volatility, essentiality, strong government support under successive political regimes and few defaults.
10 min read · 15 January 2013
Infrastructure investors eyeing US renewables may have to work a little harder to source attractive deals thanks to five trends rapidly reshaping the sector. Cezary Podkul explains.
6 min read · 15 January 2013
