Exits

The Indian fund managers have achieved a 17% IRR and 2.6x equity multiple in less than seven years.

The Macquarie fund has returned more cash than expected to shareholders, even after a disappointing IPO of its Taiwan portfolio company.

South Staffordshire Group, the acquired asset, includes two regulated water businesses serving 1.6 million people across England.

Macquarie International Infrastructure Fund’s shareholders voted overwhelmingly in support of the fund’s divestment of its largest investment.

To observe the success possible with public-private infrastructure arrangements, look to Canada. Chris Glynn sat down with a panel of veteran infrastructure investment personnel to discuss one of the premier markets for the asset class

The days of trying to squeeze infrastructure funds into a one-size-fits all model are over. But recognising funds’ very different characteristics can produce some interesting challenges – including in the area of incentivisation.

The European private equity firm has sold a wind portfolio – including developer RidgeWind and a 177MW collection of assets – to the UK’s Blue Energy. The investment came from HgCapital’s first fund, which closed in 2006 and is now in a realisation phase.

The amount private equity firms invested in India during 2012 dropped 15% year-on-year, with Q4 figures especially low, according to Venture Intelligence data.

London-listed 3i Group plans to raise a $500m Brazil-focused fund in the second half of next year. It is also reviewing executive compensation as it continues restructuring.

UK-listed investment firm 3i Infrastructure has, in a trading update, revealed a continuing contrast between good performance in its European portfolio and the volatility being experienced by the 3i India Infrastructure Fund.