Jordan Stutts
As is customary at the end of the year, we are dusting off our crystal ball and taking a look at what trends and themes are likely to shape the asset class in the years to come.
Anthony Foxx is teaming up with industry veteran Andrew Right to lead Related Infrastructure, which will invest in businesses that provide construction services to the sector.
The Montreal-based firm is expecting low-teen returns for its inaugural infra fund, targeting North and South American assets.
Martin Klepper recently resigned as the first executive director of the Build America Bureau but says President Trump has at least sparked a conversation about infrastructure that’s been ‘very helpful’.
The manager will hold its next close by 15 December on more than $6.5bn, with its second fund one deal away from being fully deployed.
The California pension acquired an 80% stake in two US Midwest projects using its Gulf Pacific Power vehicle, managed by Harbert Management Corporation.
The firm made the investment through its second global renewables fund, which closed in July on $1.65bn.
The former US deputy transportation secretary will sit on the board of directors of the company, which is involved with the LaGuardia Airport PPP.
Firm offloads assets with a combined 1.2GW capacity amid fundraising for its $1.5bn third energy infrastructure fund.