Cezary Podkul
The $64bn of money it allocates to infrastructure spending includes multiple pockets of discretionary spending that contractors and developers could compete for, lawyers at McKenna, Long and Aldridge explained to listeners during a conference call about the American Recovery and Reinvestment Act.
Fees for alternative asset investment strategies such private equity fund of funds and infrastructure held steady in 2008, but may come under pressure in 2009, according to a global survey of asset management fees conducted by consulting firm Mercer. The survey shows alternative investment strategies have the highest fees for each dollar of investor capital […]
The state will not select a developer for the $1bn road project at its meeting next week so it can re-evaluate funding sources, including the $2.2bn Texas expects to receive from the federal government under the $787bn American Recovery and Reinvestment Act.
The 2008 Mercer Asset Manager Fee Survey found that fees for alternative strategies like private equity fund of funds and infrastructure held steady throughout 2008, but the firm expects them to come under pressure in 2009 due to investor dissatisfaction.
Plans for a national infrastructure bank being considered by the Obama Administration would establish an independent organisation that funds public-, private- and nonprofit-sector infrastructure projects based on an objective ranking of the social benefits they provide, according to draft legislation obtained by InfrastructureInvestor. The draft legislation for the National Infrastructure Reinvestment Corporation (NIRC), commonly referred to as […]
UK-listed private equity firm 3i Group has sold 77 million shares, or approximately 10 percent, of its holdings in its infrastructure investment arm 3i Infrastructure. The sale, executed at 79p per share (€.89; $1.12), will reduce 3i Group’s holdings in 3i Infrastructure from 42.8 percent to 33.3 percent. Since September 2008, when London Stock Exchange-listed […]
The struggling infrastructure specialist has a 13 person team in India, which it may wind down as it seeks to sells assets globally to repay the A$3.2bn it owes to a syndicate of 25 lenders.
Due to its depressed share price, the Macquarie Infrastructure Group will not seek to invest in any new toll roads. The firm also marked down the value of its existing assets by 18%, or 6% less than its indicative guidance issued in December.
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
The sale reduces the private equity firm’s stake in its infrastructure investment group from approximately 43% percent to 33%.