Infrastructure
Fosun unit raises $960m China infrastructure fund
Xingjing Capital, an investment arm under Fosun Property, has raised a RMB6 billion ($960 million) infrastructure fund to invest in public private partnership (PPP) projects in China.
Asian LPs back Capital Dynamics' energy, infra fund
Capital Dynamics has closed its clean energy and infrastructure direct investment fund at $462.5 million, with one fifth of the contributions coming from Asian investors.
IDFC closes second India infrastructure fund at $900m
IDFC Alternatives has reached a final close on its second Indian core infrastructure fund of $900 million. LPs have also pledged significant additional capital for co-investment opportunities.
Pension funds in infrastructure: Ideal owners
Australian pension funds are keen to invest in a raft of infrastructure privatizations, with some of the proceeds earmarked for new projects. But more can be done to get long-term capital into greenfield infrastructure
India infrastructure: Building confidence
Private equity is expected to play a significant role in India's infrastructure development, but regulatory constraints and disappointing returns are a turn-off for investors. Reform is required
Standard Chartered infra head Andrew Yee to leave Asia
Andrew Yee, global head of infrastructure for Standard Chartered Bank's principal finance division, is leaving the firm. The decision is said to be mutual and amicable, with Yee set to depart in July after which he will relocate to Europe with his family.
Japan's GPIF to make infra investments with OMERS, DBJ - report
Japan's Government Pension Investment Fund (GPIF) will join Canada's Ontario Municipal Employees Retirement System (OMERS) and the government-owned Development Bank of Japan to invest in infrastructure projects abroad.
Actis raises $1.15b for global energy fund
Actis has closed its third global energy fund - Actis Energy 3 - at $1.15 million, exceeding its original $750 million target by 50%.
EIG raises $6b for global energy fund
EIG Global Energy Partners has reached a final close of $6 billion for its Energy Fund XVI after just 10 months in the market. The fund had a target of $4.25 billion.
SDCL launches $200m UK-China energy efficiency fund
UK-based Sustainable Development Capital LLP (SDCL) has teamed up with with Hong Kong private equity infrastructure firm First Eastern Investment Group to launch a $200 million fund that will invest in energy efficiency projects in the UK and China.
AMP buys Australia schools project from RBS
AMP Capital will acquire a 100% interest in a portfolio of school buildings in Melbourne from Royal Bank of Scotland (RBS). The purchase is being made via the AMP Capital Community Infrastructure Fund, which invests in public-private partnership-style...
CapAsia exits Thai toll road
The floods that devastated Thailand in the second half of 2011 were the country’s worst in 50 years, with the World Bank putting the economic damages at $45.7 billion. Bangkok came under threat in mid-October with outer areas most severely hit. The...
CDC commits $200m to IDFC Infrastructure Fund II
CDC Group, the UK government’s development finance arm, has announced a $200 million commitment to IDFC Alternatives’ India Infrastructure Fund 2 (IIF2), its largest ever to an Indian investment fund.
CapAsia JV sells stake in Thai toll road operator
CapAsia and Bank of Tokyo-Mitsubishi UFJ have sold their minority stake in Thailand’s Don Muang Tollway (DMT) for $132 million to a newly announced joint venture between Hong Kong-based First Pacific and Philippines infrastructure developer Metro Pacific...
GLP launches $3b China logistics fund
Global Logistic Properties (GLP), a Singapore-listed warehouse developer largely owned by GIC Private, has launched a $3 billion China-focused logistics infrastructure fund, capturing the opportunities in China domestic consumption and the shortage of...
Malaysian government unit to raise $95m infrastructure fund
Pelaburan Mara, the investment and asset management arm of the Malaysian government’s Majlis Amanah Rakyat agency, plans to launch a MYR300 million ($94.9 million) private equity infrastructure fund early next year to invest in the social infrastructure...
Asia real assets: Need returns, will travel
Interest in Asian real assets has surged as investors look to higher growth emerging markets for income and upside. Opportunities run from real estate to infrastructure, and in some cases offer a bit of both
GIC Private to anchor IFC Global Infrastructure Fund
Singapore sovereign wealth fund GIC Private has become an anchor investor in IFC Global Infrastructure Fund - a vehicle administered by the fund management arm of International Finance Corporation (IFC), IFC Asset Management Company (AMC) - which reached...
Macquarie, SBI invest $18m in Ashoka Concessions
Private equity funds jointly managed by State Bank of India and Australia's Macquarie Group have invested INR1.1 billion ($17.9 million) in Ashoka Concessions (ACL), a toll road builder. The funding is the third tranche of a $150 million (INR 8.307 billion...
Investors see bifurcation in Asia real assets exposure - AVCJ Forum
Investor appetite for real assets in Asia is strong, but infrastructure and real estate players speaking at the AVCJ Real Assets forum in Singapore noted that the nature of demand – between real estate and infrastructure and also between different entry...
India’s IDFC makes $644m first close on second infra fund
IDFC Alternatives has reached a $644 million first close on its second core infrastructure fund after just eight months in the market, making it one of the largest Indian fundraises in recent times. India Infrastructure Fund II (IIF2) has a full target...
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year.
American Capital infra unit hires ex-Citi banker as Asia MD
American Capital Energy & Infrastructure (E&I), an affiliate of NASDAQ-listed private equity firm American Capital, has appointed Abhay Pande as managing director for Asia. He was formerly co-head of energy global banking in the region for Citigroup.
Australia's Hastings buys Phoenix Energy from Terra Firma
Australian infrastructure investor Hasting Funds Management has acquired 100% of Northern Irish gas distribution company Phoenix Natural Gas from Terra Firma. Financial details of the transaction were not disclosed.