Jordan Stutts
Private equity financial sponsors ‘take advantage’ of over-performance by paying themselves instead of repaying debt, according to a report from Standard & Poor’s.
Nearly 150 LPs have committed to GIP IV, which will follow the same strategy as its predecessors and target 15%-20% gross returns.
The Toronto-based firm was part of a consortium that brought a $500m US airport PPP to financial close last week.
More investors view ESG investing as important, but want standardised benchmarks to better understand how it is making a difference.
The private companies that will develop a rental car facility at Newark Liberty International have foregone an availability payment for the risk and reward of full revenue control.
Australian fund manager adds $6.5bn in equity value to the $12bn it has invested in US infrastructure since 2006 by acquiring the petroleum distributor.
With a first close equalling its predecessor’s final close, the manager's fourth flagship infrastructure fund is ‘on pace’ to be its largest infra vehicle.
Cedric Lucas has joined the New York-based investment bank seven months after the private equity firm closed its third infrastructure fund on $7.4bn.
The Toronto-based fund manager is looking to make up to $2bn from selling assets, and views data infrastructure as a promising area for investment.
An agreement with AECOM to source projects and a focus on greenfield make AVAIO Capital stand out from the mid-market pack.