Jordan Stutts
Interregional trade and US airports are giving life to the North American transportation sector at a time when capital is flooding the market.
The Carlyle Group will lead a consortium of private investors financing a $12 billion redevelopment of New York’s John F Kennedy International Airport, according to a plan unveiled by state governor Andrew Cuomo. Carlyle, a US-based private equity firm, is part of the Terminal One Team chosen by the Port Authority of New York and […]
Two Canadian pensions funds have invested in Pacifico Sur, a 309-kilometer Mexican toll road that is poised to benefit from increased regional trade as well as tourism-driven light traffic, underscoring the attractiveness of transportation assets in growth markets for long-term institutional investors. The Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan together purchased […]
Core assets, including transportation and power, account for 81% of the pension’s infra portfolio, returning 24.8% for the year ending 30 June.
The $66bn Permanent Fund Corporation has just committed to Morgan Stanley’s new India fund and co-invested alongside the manager in the North American midstream sector.
Too much money entering the market is now the number one investor concern, according to the San Francisco-based placement agent. We bring you seven slides showing the rise of value-added funds.
The Illinois Municipal Retirement Fund is seeking a closed-end infrastructure fund manager to allocate an up to $25 million mandate, following the decision last month to not pursue a commitment with Oaktree Capital Management. Bids must come from fund managers offering investment strategies targeting at least two sectors – including transportation, utilities, energy, renewables, waste […]
The California Public Employees’ Retirement System has hired Yu Ben Meng as chief investment officer, four months after Ted Eliopoulos said he would be stepping down from the $360 billion pension fund. Meng, a US citizen born in China, worked at CalPERS for seven years, his last role being that of investment director of asset […]
Voters will head to the polls in California this November to decide on a measure that once again shows how infrastructure often turns into a political football for legislators. “There’s a political battle going on here which has nothing to do with California infrastructure,” Kelly DePonte, managing director at San Francisco-based placement agent Probitas Partners, […]
The investment – which does not give Landmark an ownership stake – will allow Stonepeak to expand its credit business.