Infrastructure
SEBI mulls allowing FVCI infrastructure investments
The Securites and Exchange Board of India (SEBI), India's financial markets regulator, has proposed that Foreign Venture Capital Investors (FVCIs) be allowed to back Core Investment Companies (CICs) in the infrastructure space in a bid to encourage more...
Infrastructure: Building partners
LPs are seeking to boost their exposure to Asian infrastructure through direct investment, either independently or alongside GPs. In a highly varied regional market, there is no one-size-fits-all approach
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.
Partners Group consortium seals Australia PPP rail project
A consortium featuring Partners Group and a string of strategic investors has won the tender to operate Sydney’s North West Rail Link, Australia’s largest public transport infrastructure project and one of the biggest public-private partnerships (PPP)...
KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
Real assets not overpriced, if you know where to look - AVCJ Forum
There is no shortage of high-quality real assets available to private markets investors despite rising prices in certain areas, industry participants told the AVCJ Real Assets Forum. The onus is on investors to look beyond the obvious.
Australia 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
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
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
EPF buys stake in Malaysian expressway
Malaysia's Employees Provident Fund (EPF) is paying MYR68.7 million ($21.5 million) for a 31.85% indirect stake in the Cerah Sama, concession holder of the Cheras-Kajang Highway.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
Armstrong commits $22.5m to Indonesia mini-hydro power
Armstrong Asset Management has agreed to invest $22.5 million in a portfolio of Indonesia-based mini hydro-electric plants being developed by Inti Duta Energi, a subsidiary of Jakarta-listed construction company Nusa Konstruksi Enjiniring (NKE).
China Exim Bank fund commits $78m to Polish renewables player
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, has committed PLN240 million ($78 million) to renewable energy developer Polish Energy Partners (PEP).
Standard Chartered PE commits $83m to Indian power business
Standard Chartered Private Equity (SCPE) will invest INR5 billion ($83 million) in the power grid subisiary of Sterlite Technologies, a listed Indian transmission solutions provider for the telecom and power industries.
JBIC, Mitsubishi take stake in Middle East water company
The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
Canada's CPPIB commits $322m to Indian infrastructure
Canada Pension Plan Investment Board (CPPIB) has agreed to invest INR20 billion ($322 million) in L&T Infrastructure Development Projects, a subsidiary of India’s largest engineering and construction company, Larsen & Toubro.
Clearwater in partial exit from India's Diamond Power Infra
Asia special situations investor Clearwater Capital Partners has part-exited India's Diamond Power Infrastructure by selling a 5.5% stake for INR271 million ($4.57 million) via an open market transaction.
IFC, Asia Green Capital team up on renewables
International Finance Corporation (IFC) will partner clean energy-focused investor Asia Green Capital Partners (AGCP) in backing renewable energy projects in Southeast Asia, particularly Indonesia.
PE-backed GMR Energy shelves IPO
GMR Energy (GMRE), an Indian energy firm backed by a consortium of private equity investors including Singapore sovereign wealth fund Temasek Holdings and IDFC Alternatives has withdrawn from its IPO.
RRJ, Temasek commit $250m to Chinese warehouse developer
RRJ Capital and Temasek Holdings have agreed to invest $250 million in Chinese logistics player Shanghai Yupei Group, supporting the nationwide rollout of its warehouse network.
Cerberus refuses to sell shares in Seibu IPO
Cerberus Capital Management pulled out of the Tokyo IPO of Japanese railway and hotel operator Seibu Holdings after the conglomerate slashed the estimated price of the offering by as much as a third.
INCJ exits 5% stake in UK's Seajacks to Marubeni
State-backed Innovation Network Corporation of Japan (INCJ) has sold a 5% stake in UK offshore energy services provider Seajacks to its Japanese co-owner Marubeni Corporation.
PE and elections: A vote of confidence?
Investors often cite elections as impediments to deal flow, as applications are delayed or applications held over until votes are counted. With Indonesia and India preparing for elections, what does it mean for PE?
NZ Super commits $250m to KKR energy investments
New Zealand Superannuation Fund (NZ Super) has committed up to $250 million to oil and gas investments in North America through a partnership with KKR.