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The company sees no threat to its business in the country from president-elect Andrés Manuel López Obrador, who recently scrapped the partially built Mexico City airport.
‘Heavy industry in Taiwan is actually quite advanced and sophisticated, but they’re not used to working in joint ventures,’ warns our panel of developers.
The two firms say they ‘will be blazing some trails’, with the sub-sector set to become a ‘bigger part of the infrastructure market’.
The UK fund manager could come back to market next year to raise further funds after falling short of its $257m target.
IST3 Infrastruktur Global has now made 18 investments since its launch four years ago, including both direct and fund deployments.
The close comes after a ‘strict and intellectually rigorous process’ to roll over assets from the Italian group’s first fund, chief investment officer Carlo Michelini tells us.
This year marks the tenth version of II’s annual recognition of the asset class’s star performers. Here is your chance to remind us of your milestones to date.
And it isn’t just the growing number – and size – of the primary infrastructure vehicles that will fuel secondaries’ growth, Campbell Lutyens’ Gerald Cooper explains.
Fundraising among the firms that feature in infrastructure’s most elite ranking has grown by 23% to a whopping $378bn. You now need almost $2bn to make it into the II 50 and more than $55.5bn if you want to dethrone MIRA from the top spot.
Investors are forcing funds to take disclosure to a whole new level of detail, with broken deal expenses one of the most contentious areas.
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