March 2015 Issue
The arduous road ahead
A few weeks ago Australia was promised a A$100bn stream of privatisations. Unexpected elections results are now putting this in jeopardy – and casting a long shadow elsewhere. By Matthieu Favas.
The customer is always right
QIC has so far collected $528m for its Global Infrastructure Fund. The vehicle’s progress comes as asset managers aim to capture investor demand for worldwide exposure through new structures, write Matthieu Favas and Anne-Sophie Briant.
Actis and the renewables factory
The $6.5bn emerging markets firm has just launched its eighth clean energy platform. The strategy could give a high-voltage jolt to energy industries across the developing world, writes Matthieu Favas.
Not so lonely at the top
Fund managers fixated on large-scale, core infrastructure assets are playing a dangerous game.
Oil and renewables don’t mix
While there has been talk that falling oil prices may erode renewables’ competitiveness, the opposite view is gaining ground.
A bright idea
Was the UK government right to intervene in a small car park lighting plan?
Behind the headlines
The junta in Thailand has thrown its weight behind infrastructure projects but there are concerns surrounding the treatment of foreign investors. Amy Gibbs of JLT CPS explains why
Looking for traction
As political hesitation continues to stymie German deal flow, domestic institutions hungry for infrastructure assets are forced to look beyond the country’s borders. But things may be slowly changing, writes Matthieu Favas
Taking it to the next level
Macky Tall, head of infrastructure at La Caisse, talks to Kalliope Gourntis not only about the innovative agreement his organisation struck with the government of Québec but also provides a road-map of how he intends to make a good approach better
Rising prices, growing appetite
With capital flooding in and returns under pressure, there are scant bargains to be had for today’s infrastructure debt investors. But there are very few signs that increased competition will affect the market’s positive vibe. Andy Thomson sought to find out why in the company of four leading market professionals
Why the US needs to change the debate
Infrastructure debt as an asset class may not be new to investors in Australia or Europe but the US is still becoming acquainted with it. Rich Randall, head of IFM’s North America debt team, runs the rule over the US market and explains how his firm is tackling it
The ‘Juncker Plan’: a bridge too far?
As the European Commission adopts the ‘Juncker Plan’ – an initiative to boost Europe’s faltering economy by delivering €315bn of infrastructure investment – Standard & Poor’s Michael Wilkins discusses its potential. Even though the need for greater infrastructure spending in Europe is widely understood, securing funding is a challenge
Making the case for offshore wind
DONG Energy has focused on developing offshore wind while making it an attractive asset class for institutional investors, say Ole Kjems Sørensen and Martin Neubert in a Q&A with Infrastructure Investor