Oliver Smiddy

The global fund manager, headquartered in Melbourne, Australia, continues to add to the infrastructure debt team led by David Cooper.

Proceeds will be used to finance the construction of student accommodation in Edinburgh, UK.

Banks will underwrite construction, with AllianzGI providing €157m of debt in the post-construction phase.   

Nicolas Lucas joins from Royal Bank of Scotland while Alexander Ball comes from RBC Capital markets. Deborah Zurkow (pictured) helms the debt team.

Infrastructure debt specialist Stonebridge Financial Corporation has launched its second fund, which has a $300m target.

Infrastructure Investor's forthcoming sister title, Private Debt Investor, chaired a roundtable hosted by ICG in London just over a month ago to discuss the burgeoning market for alternative debt financing providers.

Almost 200 private debt funds are chasing combined commitments of $124 billion, according to PEI research, as managers look to exploit credit opportunities created by banks’ partial retreat from the market.

After turning down an offer reportedly worth £520m in the summer, Montagu and GIP are set to cede control of Biffa to a quartet of senior lenders.

Two sovereign wealth funds, GIC and KIA, and a third unnamed fund have acquired a 10% stake in CVC Capital Partners in a deal which will see them given preferential access to deals as well as a share of management fees and carried interest.

3i Group has continued the build-out of its debt management arm having signed a joint venture with US-based WCAS Fraser Sullivan Investment Management which gives it access to the North American market.