In the wake of a funding gap created by the retreat of traditional lenders, institutional investors are flocking to real estate debt strategies. Evelyn Lee charts the evolution of this discreet opportunity and assesses the debate over separate accounts versus funds. PERE Magazine, June 2012 issue
10 min read · 15 January 2013
At least a quarter of companies in Europe whose collective €133bn debt is due to mature within the next two to three years will default, warns Moody’s Investor Services, despite efforts to refinance the sizeable loan book.
3 min read · 14 January 2013
Aviva Life & Pensions UK, the EIB and the Development Bank of Japan have backed the debt fund’s first close. The Aviva/Hadrian’s Wall Capital vehicle is targeting £/€1bn to invest in low-risk infrastructure across the UK and Europe.
2 min read · 15 January 2013
The business lobbying organisation is calling on the UK to credit-enhance greenfield projects, introduce tax incentives, pool pension resources, curtail Solvency II and encourage banks and institutional investors to come up with a shared funding model.
2 min read · 15 January 2013
CVC Asia Pacific’s control-oriented strategy initially led it to Australia and Japan. But as the firm struggles in those buyout markets, quiet deals are emerging in Southeast Asia as well as Greater China. Sigit Prasetya, head of Southeast Asia for the firm, discusses a strategy shift in Asia with Drew Wilson
7 min read · 14 January 2013
Spain’s Madrid-Toledo toll road bankruptcy proceedings could be emulated by the country’s 10 or so troubled concessionaires.
3 min read · 15 January 2013
The European Union will earmark €230m to road-test the EIB’s initiative to credit-enhance private sector infrastructure bonds. It is expected that this commitment could unlock some €4.6bn in private investment.
2 min read · 15 January 2013
James Jenkins, who has worked for Lehman Brothers and Credit Suisse, has joined Global Infrastructure Partners as a managing director in charge of investor relations. He will help shore up GIP’s second infrastructure fund.
2 min read · 15 January 2013
The Canada Pension Plan Investment Board is now the biggest pension fund in Canada with C$161bn. Its infrastructure investment paid off handsomely, returning 12.8%.
2 min read · 15 January 2013
The global investment management firm said it was ‘engaging with investors’ on the launch of the Henderson High Income Real Estate Debt Fund and Senior Secured Real Estate Debt Fund.
2 min read · 15 January 2013
