Infrastructure
KKR raises $3.1b for second global infrastructure fund
KKR has announced the final close of its KKR Global Infrastructure Investors II fund at $3.1 billion. The fund will invest in infrastructure opportunities, with an emphasis on OECD member countries.
US infrastructure: Mind the gap
The fact that the US needs to improve much of its public infrastructure is undisputed. But the fragmented nature of the market and politicization of deals still leave private investors frustrated
Investors commit $347m to Australian wind farm
Partners Group has led a A$450 million ($347 million) investment in Australia's Ararat Wind Farm project, alongside General Electric (GE), Renewable Energy Systems (RES), and Canadian pension fund OPTrust.
Apollo exits 4.4% stake in India's Dish TV
Apollo Global Management has exited a 4.4% stake in India-based direct-to-home (DTH) service provider Dish TV, selling about INR4.86 billion ($76.6 million) worth of shares via the open market.
Korean groups launch $180m North America infrastructure mandate
A group of Korean institutional investors led by a unit of KB Financial Group has awarded a North American infrastructure mandate worth $180 million to Fengate Capital Management.
Institutional investors: Join the club
Tales of large pension funds and sovereign wealth funds gathering in five-star hotels to map out their ultimate dominance of private equity are legion, if perhaps overblown.
Energy: A world beyond funds
A small but growing band of GPs are modifying the conventional PE fund model in favor of solutions that better meet their needs. For those with long-hold, asset-heavy strategies, the future may lie in platforms
CalPERS, QIC agree $764m Asia infrastructure partnership
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Macquarie consortium to buy Australia telecom tower business
A consortium led by Macquarie Infrastructure & Real Assets (MIRA) has agreed to buy Crown Castle International’s Australia telecom towers business for A$2 billion ($1.6 billion) in cash.
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
I Squared closes debut global infra fund at $3b
I Squared Capital, a private equity firm set up by former Morgan Stanley managers, has closed its first global infrastructure fund at $3 billion.
Steady return on SE Asia infrastructure
Most of the commuters who take Malaysia’s Cheras-Kajang Highway each day likely don’t spare a thought for its operators unless they are paying a toll. It might be a source of national pride as one of the first four-lane dual carriageways in the nation,...
PE-backed Prabhat Dairy, Dilip Buildcon file for India IPOs
India's Prabhat Dairy and Dilip Buildcon have filed for IPOs, providing an opportunity for their private equity backers to make partial exits.
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
CapAsia exits Malaysia toll road
Southeast Asia infrastructure investor CapAsia has sold its stake in Malaysia’s Cheras-Kajang Highway to a joint venture between Taliworks Corp. and Employees Provident Fund for MYR80 million ($21.9 million).
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
Australia’s IFM in $5.7b US toll road deal
Australian fund manager IFM Investors has agreed to pay $5.7 billion for a 66-year concession on a US toll road that crosses northern Indiana. It filed for bankruptcy last year due to heavy debts and low traffic volumes.
Customized solutions: LPs look beyond the blind pool
Boyu Capital and Hopu Investment Management both participated in a $2.5 billion investment in Singapore-listed warehouse developer Global Logistic Properties (GLP) last year, but the other consortium members arguably make for more interesting reading....
PE-owned AWAS to sell aircraft to Macquarie
AWAS Aviation Capital, which is owned by Terra Firma Capital Partners and Canada Pension Plan Investment Board (CPPIB), will sell an operating lease portfolio of 90 aircraft to Australia's Macquarie Group.
China’s $40b Silk Road infrastructure fund goes to work
China has started operating its $40 billion Silk Road infrastructure fund targeting businesses in neighboring countries and regions.
Australia's QIC raises an initial $528m for global infrastructure fund
QIC, an investment manager controlled by the Queensland government, has secured initial commitments of $528 million from four institutional investors for a global infrastructure fund.
Equis in $1.7b fundraising bonanza
Equis Funds Group's first foray into Japan’s solar energy sector was at least 18 months in the making. The energy and infrastructure-focused GP mapped the entire region in terms of solar power potential and regulatory factors then, working with Partners...
Equis raises $1.7b for Asia energy, infrastructure investments
Asia-focused energy and infrastructure GP Equis Funds Group has closed its second fund at $1 billion and also raised $300 million for a follow-on vehicle to Fund I and $400 million for two existing platform investments.
Infrastructure funds exit UK's Eversholt Rail to Cheung Kong
3i Infrastructure, Morgan Stanley Infrastructure Partners and Star Capital Partners have agreed to sell Eversholt Rail Group, one of the UK’s three major rolling stock operators, to a consortium led by Hong Kong-based Cheung Kong Infrastructure (CKI)...