Exclusives

Indu Sambandam has resigned from Texas' $132bn Teacher Retirement System after 16 months in the post.

The Melbourne-based fund manager will aim to collect up to $3bn for junior and senior debt investments across OECD markets.

The European firm is said to be working on appointing sell-side advisers as it gears up to divest its interest in the oil storage group.

Fully electric buses may also be on the way as soon as next year, according to a senior executive at the New York authority.

The Luxembourg-based firm is aiming to hit the milestone with between €400m and €500m in commitments from European and North American investors.

The French-based firm has held two closes for the vehicle, which is targeting €400m.

A process to privatise around 75% of the GIB is expected to start in about three weeks.

The investment was made through AIA Energy North America, the US infrastructure platform Argo launched last year with APG, CalSTRS and Crow Holdings.

The vehicle will be raised in three series targeting €700m each.

Gregor Paterson-Jones has moved on to sit on the investment committee of the European Fund for Strategic Investment and assume a number of advisory positions.