The renewable energy developer and adviser has acquired a 10% stake in SEM Renouvelables, a state-owned company in France. The deal also includes part-ownership of a 12-megawatt wind farm in central France.
In a recent meeting, a San Diego pension offered a rare glimpse at internal rates of return and performances of two heavy-hitting infrastructure investors - Global Infrastructure Partners and Macquarie Infrastructure Partners.
Mayor Luke Ravenstahl’s proposed 2011 budget avoids layoffs and service cuts, which are predicated upon the successful completion of a $452m deal to lease the city’s parking assets to a group of private investors.
The Swiss private investment manager has closed a direct investment in Australia’s Newcastle Coal Infrastructure Group for the building and operation of a coal export terminal. Partners will make a subordinated debt investment of A$27m in NCIG to support the second stage of development.
Zug-based Partners Group is building up its team to deploy its largest ever pool of direct investment capital. The firm specialises in private equity, infrastructure, real estate and debt.
The close marks at least the fifth above-target infrastructure fundraising of the year and gives the Toronto-based asset manager a flagship platform for investments in North and South America. The firm originally targeted $1.5bn for the Brookfield Americas Infrastructure Fund.
Investors in one of Henderson’s infrastructure funds are threatening litigation over mismanagement, while Henderson denies legal liability. Bruno Alves reports on the fallout
The initiatives are among several - including support of a state bill forcing placement agents to register as lobbyists - designed to ‘restore confidence, integrity and accountability’.
As bidders submit their offers for the city’s parking system, city officials are looking to net at least that amount in order to save their pension from a state takeover. But the precedent-setting openness of the city’s bidding process may have ‘cost ourselves some money’, one official admits.
The infrastructure giant has been putting capital to work more quickly, deploying A$900m in the second quarter of this year, versus A$100m in the first quarter. However, infrastructure fundraising remains sluggish, Macquarie warned.