The UK’s Universities Superannuation Scheme along with CP2, Gartmore Investments, Magellan Asset Management, New Jersey Division of Investment and rpmi Railpen Investments -which together own 4% of Spanish toll road operator Cintra – have signed a new shareholder agreement underlining "deep concerns" about plans to merge it with Cintra’s parent company, Ferrovial.
3 min read · 08 February 2013
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
5 min read · 08 February 2013
As the economic crisis tightens its grip on Europe's largest economy, and lenders remain on the sidelines, mid-market private equity investors are pointing to reasons for optimism. Where else, they ask, can German businesses turn to for funding in this time of need? In June, Philip Borel travelled to Munich to quiz four leading professionals about the way forward for their industry – and found them in a buoyant mood.
10 min read · 08 February 2013
Cezary Podkul explains what went wrong with Florida’s ‘Alligator Alley’ bidding process.
3 min read · 08 February 2013
The listed infrastructure fund managed by Brookfield Asset Management will use the proceeds to fund investments and acquisitions and general corporate purposes.
1 min read · 08 February 2013
HSBC and KfW have arranged $235 million of financing for a new electricity generation plant in Costa Rica. The plant will be located at Garabito on the country’s Pacific coast and is expected to begin operations in 2011.
1 min read · 08 February 2013
GoldenTree has capitalised on the credit crisis by picking up a 50 percent stake in one of Sao Paulo's most desired addresses. PERE June 2009
3 min read · 08 February 2013
Business development company American Capital has defaulted on its debt, but Christopher Witkowsky finds it is battling hard to stave off bankruptcy
6 min read · 08 February 2013
Brazilian senator Ideli Salvatti has told local media that the government is planning to provide up to $2.5 billion in emergency loans to companies undertaking state-sponsored infrastructure projects.
1 min read · 08 February 2013
With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
2 min read · 08 February 2013
