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Core assets, including transportation and power, account for 81% of the pension’s infra portfolio, returning 24.8% for the year ending 30 June.
The $66bn Permanent Fund Corporation has just committed to Morgan Stanley’s new India fund and co-invested alongside the manager in the North American midstream sector.
The firm’s third vehicle is nearly two-and-a-half times larger than its $3.1bn predecessor, which was raised in 2015, and has secured two deals to date.
With managers increasingly putting pressure on LPs to enter the carry early, Threadmark partner Patricia Wilkinson and PEI senior editors Bruno Alves, Jonathan Brasse and Toby Mitchenall look across asset classes to find out whether the status quo really is changing.
'Appalling’ timing gave founders Mike Dorrell and Trent Vichie a rough time at Blackstone. But that tough formative experience gave birth to one of the asset class’s standout operators. With their $7.2bn third fundraising behind them, we find out what’s next.
The Canadian pension is targeting a C$40bn infrastructure portfolio within five years, after adding C$400m in assets from March to June this year.
As the manager gears up to raise as much as $7bn, we bring you interactive charts on its portfolio composition, team growth, performance and more (hover over to go full-screen).
The hurdle rate is facing downward pressure; investors might just let it slide.
As the manager prepares to close what could be the year's largest fund on more than $7bn, we bring you interactive charts on its AUM growth, past fund performance, fees, team growth and more (hover over to go full screen).
Senior director Ram Kumar’s mid-July departure follows the exits of director Guido Mitrani in March and global co-head Jesus Olmos in April.