Daniel Kemp
Directors Michael Thompson, Quentin Law and David Stegehuis have all left after the fund manager took a dim view on future dealflow in the Australian infrastructure market, particularly in energy generation.
The Sydney-based fund manager said the venue in Western Australia has the characteristics of an infrastructure asset, with ‘secure and predictable’ revenues.
In 2018, the volume of corporate PPAs more than doubled compared with 2017. With strong demand and many investors chasing the same buyers, we look at the risks involved for all parties.
The London-based firm said it has secured commitments from institutions in the UK, US and Australia and has made seven fund investments to date.
Peter Costello said partnerships with local investors, but also greater transparency on the part of sovereign funds is the way forward.
The Melbourne-based fund manager claims to be ‘one of the first’ unlisted asset managers to publish emissions data for its assets and will set targets across its portfolio this year.
Long-Term Asset Partner’s mysterious bid for 100% of GrainCorp faces a May 10 deadline after sale of liquid terminals to ANZ Terminals, owned by several infra fund managers.
An ageing population coupled with government budgetary constraints provide strong fundamentals. But while infra investors might be better custodians than PE, we find they should do a thorough check-up before diving in.
The country’s regulators have stepped in again to criticise privatisation processes – but singling out private investors while governments escape censure is bad for everyone.
Marsha Beck starts immediately in the newly-created role, with AMP Capital’s strong performance in 2018 offsetting a torrid year for the fund manager’s parent group.