Matthieu Favas
As a shake-up of the country’s pension system looms, investors remain focused on liquidity despite a growing knowledge of overseas infrastructure, delegates heard today.
Norway’s sovereign fund risks missing the boat by giving infrastructure a miss.
The firm has already invested more than a third of the money collected for EDIF II, which has a €2bn target.
The news comes three months after the UK firm closed its mid-market fund on £400m.
Weeks away from its most important election in living memory, France is bracing itself for a fair bit of political volatility. Yet for infrastructure investors, the market seems more exciting than it has been for a few years.
The £5bn pension has split the £100m allocation it put up for tender in November between two managers after receiving 22 offers.
For investors seeking more discretion than funds offer, but daunted by the prospect of going at it alone, platforms look like an apt solution. The reality is more nuanced.
The London-listed fund has raised £110m, to be deployed into a pipeline that includes an onshore wind farm and a battery storage project.
Robust contractual and regulatory provisions have largely insulated financial performance from the shocks but insurance premiums could start to rise, says Fitch.
_2013%20(1)%2080.jpg "John Laing exits M6 Hungary motorway")
The UK firm has pocketed €26.2m from the sale of its interest in the asset, which was acquired by two of the project’s existing shareholders.