Jordan Stutts
The firm will open the ‘under-utilised’ portfolio of 10,000 telecom towers to third-parties as it moves to tap into the ‘fifth fastest-growing’ mobile data space in the world.
The French fund manager wants greater access to institutional investors in the region as well as closer proximity to investment opportunities.
Andrew Kim ‘completes the build-out’ of the senior team at JLC, which was formed by former NBA player Magic Johnson’s investment company and is raising its inaugural infrastructure fund.
This is the second time in the past year the Ontario pension has divested part of an infrastructure asset to form a partnership with other long-term investors.
The mid-market fund manager has already committed around $200m from its sophomore vehicle.
But CIO Angela Miller-May stressed it wasn’t the clincher in its recent decision to allocate $50m with IFM Investors and Ullico Investment Advisors.
The US fund manager has offloaded its majority stake in Hudson Fiber Network from its inaugural infrastructure fund.
The infrastructure arm of the bank’s asset management business is financing the acquisition of Brazos Midstream’s Delaware Basin subsidiaries through its NHIP II fund.
The managing director’s exit will leave Matt O’Connor in sole charge of the group’s power investment business.
The executive has left his senior managing director role at the Canadian pension to become CIB’s first CEO.