December / January 2015 Issue
Friend or foe?
While state-backed funds have become players to be reckoned with, traditional infrastructure investors needn’t always see them as adversaries. Matthieu Favas reports
The US Northeast’s gateway to P3s
Establishing an entity within the Port Authority of New York and New Jersey is not just good news for the long-stalled $20bn Gateway Project, but an indication of more P3s to come in the Northeast
Quenching Germany’s ABS thirst
Renewable funds in Europe are targeting German institutional investors with securitisation options. The prize: their underused asset-backed securities quotas, writes Bruno Alves
GIP rivals Brookfield with $6.3bn Asciano bid
GIP, Qube and CPPIB's offer to acquire the Australian port operator faces less regulatory hurdles, but Asciano's board favours Brookfield's bid
Lightbulb moment
Emerging markets are losing their spark. But bright prospects await power investors capable of designing clever new structures
Battle of the titans
GIP and Brookfield are aiming to raise a record $27bn. But that doesn’t mean smaller fund managers won’t have room to play
Infra investors, forget business as usual
Return compression in the mid-market, alternative capital structures, direct investors increasingly returning to funds and SWFs as sellers are just some of the trends you should be aware of
Bright ideas
Streetlights are boring no more
When it rains, it pours (inside too)
Our own Chase Collum struggled to stay dry on a recent Amtrak trip from DC to New York
Dinosaurs will die
Portland is pulling out all the stops to out-eco Seattle
Look ma, no cranes!
China raises eyebrows with its fancy new bridge-building machine
The high-flying Dutchmen
Amsterdam-based DIF has gone from being a three-man start-up to a €12bn manager. As competition in its sweet spot toughens, Wim Blaasse tells Matthieu Favas how the firm keeps its feet on the ground
What to expect from Dubai’s new PPP law
Partner Stephen Jurgenson, associate Kilian de Cintré and of counsel Katharine Sonneborn from law firm Winston & Strawn examine Dubai’s new PPP law
The last laugh?
Investors hit by the Spanish renewables debacle are still reeling. But the outcome of a pending arbitration process could see them win big, writes Matthieu Favas
Progressing in millimetres
The US transportation privatisation market got off on a gravelly footing. But as early P3 assets mature and long-term investors step in, the market could be ripe for a change of pace and perception, argues Chase Collum
India’s brownfield opportunity
A recent policy change is opening up almost $700m of new operating concessions for private capital, reports Nia Tam
Old World quality
Brexit, rampant populism and anaemic QE-induced growth are all cause for concern. But if you’re an infrastructure investor, you’ll be hard-pressed to find a better place to invest in than Europe, writes Bruno Alves
The clean energy matchmaker
Aligned Intermediary chief executive Peter Davidson tells Jordan Stutts how the platform plans to connect institutional capital with innovative clean energy companies and projects
Heft and safety
Solvency II has made it easier for insurers to invest in developed market infrastructure debt. Now the IFC hopes to lure them to emerging markets with its new credit enhancement initiative, writes Matthieu Favas
Public risk number one
Like the markets they are meant to govern, regulations are ever-evolving, making related risks among the most difficult to predict. Kalliope Gourntis explores today’s regulatory landscape
A guide to sourcing finance
With Europe’s ‘Juncker Plan’ now fully operational, AFME-ICMA Infrastructure Working Group chair Janin Campos argues flexibility is key to attracting financing