Jordan Stutts
A ‘paradigm shift’ in US regulation could lead to foreign investments, even for minority stakes, submitted to mandatory reviews.
The Canadian firm’s CEO says market conditions should drive the vehicle to top its $14bn predecessor.
The fund, a joint venture between real estate investor Colony NorthStar and telecoms company Digital Bridge, is soon expected to hold final close.
Greystone, a C$36bn fund manager acquired for its ‘leadership in alternative investments’, will be rebranded TD Greystone Asset Management.
The Eno Center for Transportation argues ‘privatisation for its own sake is bad public policy’ but is not averse to public-private partnerships when appropriate.
Both fund managers are investing in Canadian companies offering water heating and air conditioning leasing services.
The firm has also been deploying its $15.8bn Fund III, taking the lead role in the $5bn Equis Energy acquisition and paying €1.98bn for Italian high-speed rail operator Italo.
The vehicle closed last month on $2bn, in a strategy shift that sees the Canadian insurer manage third-party capital for the asset class.
The real estate firm plans to make its first infrastructure investment within nine months, targeting assets in Brazil as the country emerges from recession.
The New York-based firm funded 60% of the deal for natural gas services company Discovery Midstream, while Williams Partners contributed 40%.