Jordan Stutts

The US firm expects renewables to be a big part of its business in coming years, part of the reason it has also hired William Demas from CIP.

Investors are looking favourably again at South America’s largest market, just as it restarts its power auctions and seeks to attract foreign capital for the sector.

TPG Capital agreed to sell the US company Astound Broadband to Stonepeak and a management business called Patriot Media.

Vichie and co-founder Mike Dorrell have built Stonepeak into one of the industry’s leading infrastructure managers over the past decade.

Emerging and diverse managers received less than 3% of capital commitments closed in H1, raising fears they are being left behind as the pandemic changes fundraising.

After years of delays and recent months of legal wrangling, the private consortium selected to develop the $5.6bn light-rail project is walking away.

The deal to develop and maintain 10 battery systems also marks the French firm’s first infrastructure investment in Canada.

The Miami-based firm is also raising its third equity fund, which is targeting $12bn.

The US state is raising taxes on gasoline and diesel to help pay for infrastructure and is increasing the state’s use of public-private partnerships.

Maryland’s Purple Line light-rail disaster offers a chilling reminder of the risks public stakeholders can pose to procurement.