The $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
2 min read · 15 January 2013
Moody’s estimates Australia’s rated infrastructure issuers will have to raise some A$9bn to refinance existing debt. But while it states ‘issuers face increasing refinancing challenges’, Moody’s argues ‘the exercise should be manageable overall’.
2 min read · 15 January 2013
The two companies reached commercial close on the $2.1bn project with the state, prompting Governor Robert McDonnell to credit Virginia as an ‘innovator’ capable of making ‘complex public transportation’ possible. Financial close is expected in early 2012.
2 min read · 15 January 2013
The deal turns Mitsubishi into the first Japanese company operating an overseas offshore transmission cable. Macquarie sold its 50 percent stake in the UK’s £105m Walney 1 project.
2 min read · 15 January 2013
Carlyle’s buyout of Churchill Financial highlights an opportunity to back mid-market lenders, a segment that can benefit from more private equity players, says Monroe Capital's Ted Koenig.
4 min read · 15 January 2013
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
3 min read · 15 January 2013
Portugal’s PPP liabilities – most of them in the transport sector – represent a staggering 14% of GDP. The country’s roads agency, which doles out payments to concessionaires, is threatening to go bust in 2014. Bruno Alves takes a peak at a worrying future
8 min read · 15 January 2013
Fresh off a high-profile acquisition, AIMCo boss Leo de Bever took time to talk to Chris Glynn about a ‘boring’ business: infrastructure investing
6 min read · 15 January 2013
Thomas Putter, former co-head of Allianz’s alternative assets business and a pioneer of renewable energy infrastructure investing, believes the world has changed irrevocably. For limited partners, this means the need to think hard about what the infrastructure asset class really is. And for fund managers, it means preparing for a backlash from disaffected stakeholders.
10 min read · 15 January 2013
What does the ongoing turbulence in the Eurozone mean for fund managers? Infrastructure Investor gathered six investment professionals in London to discuss – and to find out how it has influenced their approach to deal financing, target sectors, fundraising and more.
10 min read · 15 January 2013
