Aston Tan

Capitalising on a growing demand for alternative sources of funding, India's Infrastructure Development Finance Company has loaned $34m in mezzanine funding to Caparo Energy.

The Victoria Funds Management Corporation, which has existing private equity assets worth about A$1.2bn, has fired its private equity co-heads as it shifts focus to infrastructure investments.

Carlyle and Macquarie will take private Melbourne-headquartered Redflex, the company behind cameras used in the US to catch red light runners. Carlyle’s investment will be made by Carlyle Growth Partners III.

Diversifying allocations across alternative asset classes may mitigate the portfolio impact of climate change — which if left unchecked could cost institutional investors upwards of $12trn over the next 20 years, according to a recent study.

Jamie Paton and Allen Gu, former senior executives at Candover Asia, will lead the energy investor's first Asian office.

The firm has invested INR1.5bn in PNC Infratech in its seventh investment from NYLIM Jacob Ballas India Fund III.

The $300m agreement for Olympus Capital to buy stakes in two special purpose vehicle held by Tata Power has fallen by the wayside after the PE firm failed to meet pre-requisites set in a June 2010 agreement.

GIC, Centerbridge and Oaktree are also said to be bidding for the assets of the ailing Australian property investment firm.

The infrastructure-focused investor is exchanging its holdings in SE Forge for a stake in parent company Suzlon Energy.

The Indian firm, founded by three former ICICI Venture senior managers, is expected to begin fundraising in the last quarter of 2010. Infrastructure will be part of the fund's investment mandate.