Zak Bentley
The US public pension has to date focused on mid-market funds, which it finds ‘less competitive’, Jim Rice, principal investment officer for LACERA’s real assets division, tells us.
A sale in the secondaries market is also being considered, with 25 of its 49 infrastructure fund investments targeted for divestment.
The asset manager has also launched a private wealth product to invest alongside its infrastructure equity and debt funds.
The move comes amid government concerns ‘Canada risks being left behind’ by the IRA in the US, according to its fall economic statement.
A flood of new money into digital infrastructure has seen valuations spike and returns compress. But there are still opportunities to generate alpha for those with deep domain expertise and creativity.
With $49bn of infra AUM, KKR’s senior executives reflect on a decade of growth across geographies and strategies.
BlackRock sees the ‘biggest opportunity set we've had in front of our investment committee ever’ for the rebranded Global Infrastructure Fund IV, Mark Florian tells us.
Brookfield Renewable's CFO Wyatt Hartley told us Westinghouse’s ‘infra-like cashflows’ helped the Global Transition Fund enter the sector.
Broadband is as critical to the US as roads and bridges. The old-fashioned reason for the slow rollout of a very modern infrastructure? Maps.
Transport was at the heart of the IIJA. But that won't necessarily translate into a wealth of private sector opportunities.