Infrastructure
Asia renewables: Building out
A surge in renewable energy development is expected in the wake of most Asian jurisdictions making net-zero commitments. Investors are bullish on the macro picture but cautious on the detail
Q&A: Brookfield Asset Management’s Daniel Cheng
Brookfield Asset Management recently raised USD 15bn for a fund dedicated to global energy transition. Daniel Cheng, a managing director with the firm in Shanghai, maps out likely deployment
Deal focus: Allegro pumps up in New Zealand
Australia’s Allegro Funds has made its first investment from its largest fund to date, flexing new capacity to invest at scale with petrol station chain Gull New Zealand
Infrastructure funds move towards software - Infralogic Forum
Software providers are set to become targets for infrastructure investors, provided companies can demonstrate sufficient customer stickiness to underpin consistent revenue streams, the Australia Infralogic Investors Forum heard.
Australia's AGL rejects Brookfield, Grok Ventures bid
Australia-based utility AGL Energy has rebuffed another acquisition attempt from Brookfield Asset Management and Grok Ventures, a private investment firm established by Mike Cannon-Brookes, co-founder of Atlassian.
KKR, OTPP, PSP to buy Australia's Spark Infrastructure for $7.2b
KKR, Ontario Teachers’ Pension Plan (OTPP), PSP Investments have agreed to buy Australia-listed Spark Infrastructure, which has extensive interests in electricity transmission and distribution, for an enterprise valuation of A$10.1 billion ($7.2 billion).
OTPP leads $360m round for Asia data center business
Ontario Teachers’ Pension Plan (OTPP) has led a $360 million equity investment in Singapore-based data center developer Princeton Digital Group (PDG).
Coronavirus & infrastructure: Trial by fire
Conservative investors who trust infrastructure for its stability have received a rude awakening with COVID-19. With appetite for the asset class unchanged, it’s time to get smart about risk
Infrastructure: Patient capital
Australia's IFM Investors has a plan to get long-term equity partners more involved in public-private partnerships. It means persuading superannuation funds to up their risk appetite
Hana invests $85m in Asia renewables platform
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects being developed by Equis Development.
OPTrust joins consortium bidding for Australia's Zenith Energy
Canadian pension fund OPTrust has joined Pacific Equity Partners in the consortium looking to buy Australia-listed off-grid power provider Zenith Energy for an enterprise valuation of A$250 million ($163 million).
PEP looks to cut OPTrust into Zenith Energy deal
Pacific Equity Partners (PEP) wants to bring OPTrust into its bid for Australia-listed off-grid power provider Zenith Energy after the Canadian pension fund built up a sizeable position in the company.
Korea's IMM invests $40m in Chinese water business
IMM Investment, a Korea-based GP that focuses on venture capital, mezzanine and infrastructure deals, has committed $40 million to United Water Corporation, a Chinese water and wastewater treatment provider.
LP interview: Manulife Investment Management
Manulife Investment Management is easing into its first Asian private markets drive with a focus on optionality. Private credit, infrastructure, and real estate are early areas of interest
Chinese data center operator raises $3.7b Series A
Tenglong Group, a data center operator based in Beijing, has raised a RMB26 billion ($3.7 billion) Series A round led by Morgan Stanley Private Equity Asia and state-owned China Nanshan Development Group.
Actis commits $180m to China data center business
Actis has invested $64 million in Chinese data center operator Chayora and plans to commit up to $180 million to the company as part of a Series C funding round.
Core-plus investment: Expectations game
Capital-flooded markets and rising pressures to deploy have precipitated more flexible investment strategies in private equity. GPs must be careful when crossing between asset classes
GIC to invest in China data centers
Singapore’s GIC Private has agreed to acquire an unspecified number of data centers in China through a partnership with specialist developer GDS Holdings.
Macquarie buys Australia cotton farm stake from Chinese strategic
Macquarie Infrastructure and Real Assets (MIRA) has acquired a 49% stake in Australia’s largest cotton farm, Cubbie Station, primarily from Chinese fabrics maker Shandong Ruyi.
Indonesia infrastructure: Forging frameworks
Indonesia has set the stage for more private sector involvement in a government-dominated and desperately underdeveloped infrastructure space. A range of intangibles could impede the integration
NIIF, PSP form $2b India toll road investment platform
The Indian government-backed National Investment & Infrastructure Fund (NIIF) has teamed up with Canada's Public Sector Pension Investment Board (PSP Investments) to launch a platform that will invest up to $2 billion in local toll road projects.
Singapore's SolarHome gets $10m for Myanmar push
SolarHome, a Singaporean off-grid solar specialist, has received $10 million in debt funding for a Myanmar expansion from crowdfunding platforms Crowdcredit and Trine.
GMR reaches settlement with investors in airport business
Private equity investors in India’s GMR Airports (GAL) will receive INR35.6 billion ($481.3 million) in cash plus additional equity in compensation after the company failed to deliver a liquidity event within an agreed timeframe.
Warburg Pincus commits $400m to China logistics business
Warburg Pincus has committed half of an $800 million round for Shanghai-based warehousing and logistics company NewEase China, which focuses on improving shipments through domestic airports and urban hubs.
