Coronavirus

Industry bodies and heavyweights such as David Rubenstein have urged governments to grant private equity access to public funds.

The A$53bn industry fund says it may have to invest over shorter time horizons if the early withdrawal scheme is extended.

As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.

Local authorities could still put the asset class at the heart of the post covid-19 economic recovery. But don’t count on the administration to use infra to repair the economy.

With public infrastructure resources being diverted to pandemicrecovery efforts, many in the industry are wondering if this could bewhat finally prompts an uptick in PPPs.

Changes to financial hardship provisions have seen members affected by covid-19 withdraw significant sums, with the largest funds and those with membership cohorts in struggling industries the hardest-hit.

Korean investors will seek to increase allocations to alternatives, including infra, three LPs say, though they expect activity to pick up in Q3 at the earliest.

The final contract is set to be signed around November, with the new private sector owners due to start operating the airport on 1 July 2021.

S&P Global Ratings says it does anticipate secular change in the aviation sector but that consumer confidence will take some time to return.

As power prices weaken and demand suffers a dramatic fall, we discuss the future of PPAs and the fallout of the oil price shock on the sector.