Zak Bentley
The fund has been able to take advantage of LPs over-allocated to the asset class because of an fundraising market, global head of secondaries Harold Hope told us.
The investment from the Illinois State Treasury requests a doubling of the investment from Ullico in Illinois, although Ullico says there is no formal obligation to do so.
Last week’s acquisitions of DIF and ECP give infra-hungry PE managers the exposure and the track-records to assuage LPs.
The reorganisation of its management comes amid the recent €1.35bn closing of its third fund, €150m short of target.
The investment in Zenobe sees it place capital ‘across two of the largest decarbonisation market opportunities in infrastructure’, according to KKR.
Senior execs Sam Pollock, Connor Teskey, Natalie Hadad and Hadley Peer Marshall take us through some of the manager’s less conventional choices, and how it’s expanded to – cautiously – embrace them.
RWE emerged as the only victor in an auction in which two of the three leases available attracted no bids as the industry’s woes continue.
Having overlooked generation projects over price concerns, Morgan Stanley remains bullish on the sector, despite some projects suffering from supply chain and inflation issues.
The termination comes after Foo’s former co-head of infra, long-time staffer Geoff Strong, left the firm late last year.
The Plymouth County Retirement Association, which has a 9% allocation to infrastructure, credits infrastructure helping ‘avoid a 15% hole’ last year.