Jordan Stutts
Alphabet’s entry into the asset class foreshadows a potential disruption that will force investors to choose between betting on tech or being disrupted themselves.
Much of the technology that could disrupt infrastructure relies on cameras and sensors to scan, analyse and automate.
Pickett will report to Stephen Dowd, the firm’s global head of infrastructure, who also worked at Ontario Teachers’ Pension Plan.
The firm’s second infrastructure fund is targeting $1bn and has acquired a business aviation provider and a water infrastructure company servicing the midstream sector.
The first phase of the Mexico Pacific LNG export terminal, which Tortoise is investing in through a special purpose vehicle with AVAIO, is expected to begin construction next year.
The US engineering company, which reported more than $500m in losses in the second quarter, said it would seek a ‘more balanced’ risk allocation for future projects.
Commitments from two SWFs totalling around $1bn should help drive the record-breaking close above the fund's original $20bn hard-cap.
The MassMutual subsidiary will manage half of APF’s $200m Alaska Future Fund, a recently-launched in-state investment platform, targeting real assets and private equity.
The European renewables subsidy flip-flops earlier in the decade foreshadowed a market transition that is now playing out in full.
CalSTRS’ $500m commitment to IFM Investors was 2012’s largest allocation to an infra vehicle and offered a taste of the fundraising heights to come.