Jordan Stutts
The manager increased its midstream footprint earlier this year with the purchase of First Reserve Energy Infrastructure Funds.
Real assets head Paul Mouchakkaa told the pension’s investment committee it will model its infra investment strategy after its real estate one.
Financing for the toll road project includes $1.5bn in equity, $737m raised through private activity bonds and a $1.23bn TIFIA loan.
Oil prices have stabilised to the point where infrastructure investors are comfortable putting large amounts of capital to work in assets that transport and store the commodity.
The firm will provide equity to developers Dynamic Energy Networks and Schneider Electric for future investments through its $2.5bn Global Infrastructure Opportunity Fund, which recently held at first close on $600m.
The UK-based asset manager is launching a strategy that will invest in social infrastructure PPPs across the continent.
Pair invest $26m in Aquam Corporation, which repairs water infrastructure systems and is developing technology to spot pipe leaks.
Matthew Runkle is appointed managing director of the firm’s newly formed infrastructure arm amid fundraising for $40bn vehicle.
The vehicle is targeting $2.5bn and is expected to hold a final close sometime next year.
On the campaign trail he vowed to rebuild US infrastructure “on time, on budget”. He tapped one of the industry’s leading lights, GIP chairman Adebayo Ogunlesi, to join his (now defunct) business advisory council and his budget proposal in May called for $200 billion of federal spending over 10 years to be matched with $800 […]