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The chief executive of the institution’s asset management arm updated us on the $1.2bn vehicle’s portfolio, its investor base and potential moves beyond infrastructure equity.
The move would represent the listed fund’s first deal outside the onshore wind and solar sectors as it pursues a 20% portfolio diversification strategy.
The UK platform’s first vehicle for direct infrastructure investment has had its target reduced by £400m following a change in strategy by some pension funds.
The firm expects to have collected more than $500m by the end of February as it advances towards a $750m final close this summer.
The Australian infrastructure manager expects to have collected about half of its A$1bn target by the middle of this year.
The policy bank of South Korea is also reviewing a potential $20m debt financing for a midstream gas pipeline project in the US.
The Australian firm’s latest infrastructure debt vehicle, which has a $2bn target, is expected to close in Q3.
The vehicle is the first to be raised by the manager founded by Macquarie and Old Mutual since the latter became sole owner of the business.
The UK asset manager is currently pre-marketing a successor to its £1bn debut vehicle that is set to focus solely on primary investments.
The UK telecoms group is set to be divested by CPPIB and Macquarie, its lead shareholders, in a deal potentially worth up to £6bn.