Jordan Stutts
The investment firm has been moving towards this moment since acquiring GE Capital’s energy finance business and hiring an infrastructure debt specialist from Deutsche Bank.
One of the world’s most prominent direct investors is trying to prove it can do much more than back projects with capital by developing a C$6.3bn greenfield project in Montreal.
The Swiss firm is acquiring a 50% stake in the power generation platform which builds and operates renewables assets and back-up power plants throughout Latin America.
The Canadian pension’s head of infrastructure says there ‘is a great fit between growth supporting infrastructure and infrastructure supporting growth’ in the country.
Dylan Foo, who led the manager’s infrastructure equity team in the Americas, and Steve Rooks, who headed portfolio management in North America, follow two senior European departures.
The investment bank plans to invest $4bn in US solar assets before holding an IPO in a few years, according to the head of renewable power.
Despite this, 96% of respondents said they will either maintain or increase their investment pace over the next year, Probitas Partners’ latest survey found.
The deal marks the French firm’s first investment in the Latin American transportation sector and the first in the region for the $800 million Ardian Americas Infrastructure Fund IV.
The New York-based firm has also brought back its former head of investor relations, Brenden Woods, who left last December to join Macquarie Infrastructure & Real Assets.
The North American division of Australia’s Colonial First State plans to grow the short-line rail business of Patriot Rail and Ports.