Home US

US

The price of direct investing

Going direct is well-suited to infrastructure. But anyone looking to do it will have to tackle tough questions around compensation and transparency.

‘It’s hard to find a diverse manager in infrastructure’

CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.

Updated indictment sheds new light on Abraaj case

The document paints a picture of deceit, bribery and personal enrichment at the collapsed emerging markets firm.

GIP mandate leads CalPERS’ $1.5bn infra allocation

The US’s largest public pension made commitments to GIP and JPMorgan, committing capital equal to around a third of its current infrastructure portfolio.

Investment alone will not solve our climate crisis

The outlook for renewables is bright, despite the shift towards more market-based systems. But although governments might no longer need to provide subsidies, they still need to offer leadership.

OPERF ups alternatives target to 15%

The latest move marks the third time the $75bn pension fund has increased its alternatives allocation target since launching the strategy in 2011.

Fitch: technology could disrupt rental car demand at airports

Investors in CONRAC facilities should be thinking of how the market might look in 15 to 20 years when financing deals, rating agency warns.

PE-backed midstream companies have ‘generally lower’ credit ratings

Private equity financial sponsors ‘take advantage’ of over-performance by paying themselves instead of repaying debt, according to a report from Standard & Poor’s.

Developers accept full revenue risk in Newark Airport PPP

The private companies that will develop a rental car facility at Newark Liberty International have foregone an availability payment for the risk and reward of full revenue control.

IFM makes US midstream splash with $10.3bn Buckeye purchase

Australian fund manager adds $6.5bn in equity value to the $12bn it has invested in US infrastructure since 2006 by acquiring the petroleum distributor.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination