Jordan Stutts

The City of Fishers in central Indiana is seeking developers to submit proposals to build a new police station and public parking garage.

The infrastructure developer’s North American president has resigned to join the company’s board, and is replaced by a member of its executive management team, Brian Budden.

Among the investors are Goldman Sachs, Global Atlantic Financial Group and FS Investments, which is sub-advised by Blackstone’s credit business GSO Capital Partners.

The joint investment platform between two Canadian pensions said it will raise $500m and commit $200m in equity to construct the projects.

Managers are raising record amounts of money but dry powder is building up as investors increasingly worry about compressed returns, according to a Probitas Partners survey.

The asset manager has had a busy week, also agreeing to a $750m credit facility and an 80MW solar acquisition in Utah.

United Wind has agreed with Tokyo’s electric utility to take its small-scale turbine leasing model to Japan.

Matthew Wade, a former Royal Bank of Canada director, is the latest addition to IFM Investors’ North American team after hiring two directors earlier this month.

The London-listed infrastructure fund followed its first US deal with a $32m investment in subordinated debt secured by military housing assets.

MIC purchased one of the largest solar farms in Utah and increased its renewables portfolio capacity to 350MW.