Chris Glynn
The C$55bn Ontario Municipal Employees Retirement System credited infrastructure with driving its return in 2011. Its allocation to the asset class turned in an 8.79% performance, beating its internal benchmark.
Macquarie’s Mexican infrastructure fund has secured $700m in debt for what will be its first renewable investment and Latin America’s largest single-stage wind farm. PGGM and Mitsubishi have also bought stakes in the project.
Real Asset Portfolio Management, a Portland, Oregon investment adviser with an emphasis on infrastructure investing, has named Brent Burnett senior consultant. The start-up company is an adviser to $655m of capital spread over six clients.
The infrastructure fund manager unloaded Utilities, Inc., a water and wastewater service in North America to Corix, an infrastructure outfit partly owned by British Columbia Investment Management Corporation.
The Worcester Regional Retirement System is planning to spend $5m to $10m on an experienced infrastructure manager. The $400m fund has issued a request for information with a deadline of March 7.
Two senior executives have been fired for running afoul of ethical conduct, after media allegations tying one of them to a plot to smuggle Saadi el-Qaddafi (pictured), son of deceased Libyan dictator Muammar el-Qaddafi, into Mexico, surfaced.
The Canadian pension has contracted newcomer VSG Capital, a consulting specialist with vast knowledge of India and experience with infrastructure. VSG is led by Wall Street veteran Vikram Gandhi.
State Representative Karen Fann (pictured) is putting forth a bill in support of a public-private tolling model that would unlock new road construction across the state.
Santa Barbara County Employees’ Retirement System has hired Meketa Investment Group, a consultant with extensive infrastructure investment knowhow. Meketa replaced Pension Consulting Alliance.
Consortia including Dragados, Ferrovial and Kiewit have come to vie in the early stage of a multi-billion dollar high-speed rail (HSR) contract that would link Madera with Fresno. The project is part of a statewide $98bn HSR agenda that has politically and ideologically divided California.