Infrastructure
Building a better Asia – public, private, partnerships and profits
Asian infrastructure, the best investment opportunity yet?
Clearwater ups Diamond Power stake in India
Clearwater Capital Partners has taken a larger stake in Indian power transmission and services company Diamond Power Infrastructure Equipment with a 2.2% secondary market purchase for around $2.25 million, taking its total holding to some 13.77%.
CX debuts with Monnet Ispat investment
CX Partners has reportedly acquired an 8% stake in Indian steel and power group Monnet Ispat and Energy for some $34 million in a secondary market trade, in its first investment since its formation in 2008.
Jacob Ballas invests SEW Infrastructure
Indian private equity investor NYLIM Jacob Ballas has made a $34 million investment into SEW Infrastructure, a Hyderabad-headquartered engineering and construction company specializing in hydroelectric power, irrigation, roads and urban infrastructure.
HSBC Infrastructure III first close on $580 million
HSBC has had a first close on its fourth and latest infrastructure vehicle, HSBC Infrastructure Fund III, at $580 million, against a final target of $1 billion.
Bridging Asia’s infrastructure bottleneck
Infrastructure investors step up
Future Fund exit upsets Transurban bid
CPP IB, OTPP still working
NZ Infratil, Super Fund buy Shell NZ assets
Infratil, a major New Zealand listed infrastructure investor, and New Zealand's NZ Superannuation Fund have announced the $490 million joint acquisition of the downstream assets in New Zealand of Dutch petroleum giant Shell.
Temasek in India energy deal
After much speculation, it appears that Singapore-based Temasek Holdings will invest Rs.1,600 crore ($354 million) in India's GMR Energy in the form of convertible preference shares. The capital is intended to fund further expansion of thermal and hydro...
Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.
CalPERS to commit $1.3 billion to infra
Leading US LP the California Public Employees' Retirement System (CalPERS) is to commit some $900 million to infrastructure GPs and invest $400 million directly, according to an internal statement to its investment committee.
Asian Genco power win sets no precedent
Test case for India infrastructure a landmark and an anomaly
Asian Genco power deal for GA, Goldman, Everstone, Morgan Stanley, Norwest
Singapore-headquartered Indian power generation infrastructure group Asian Genco has received $425 million from a consortium of investors led by Morgan Stanley Infrastructure Partners, including General Atlantic, Goldman Sachs, Everstone Capital, and...
Blackstone targets India power stake with Monnet
The Blackstone Group is reportedly targeting 12% of an Indian power project in Orissa state backed by metals and power conglomerate Monnet Ispat, in a deal that could be worth up to $58 million.
AMP Capital hires new Asia infrastructure head
AMP Capital Investors, the Sydney-based investment group, has appointed Boe Pahari as its new Head of Infrastructure Asia Pacific, further expanding its international infrastructure investment business, in operation since 1994.
Mayfield, SIDBI invest Indian infra with Fourcee
Mayfield India Fund and SIDBI Venture Capital have committed $11 million to Fourcee Infrastructure Equipment, a Mumbai-based provider of liquid cargo logistics equipment and solutions.
Goldman Sachs said halving infra fund target
Goldman Sachs has reportedly cut the original $7.5 billion target size for its Goldman Sachs Infrastructure Partners II fund by more than half.
Desai quits E&Y to raise ENAM infra fund
Jayesh Desai, hitherto senior partner and National Director for Infrastructure, Real Estate and Government at Ernst & Young in India, is leaving E&Y to join brokerage and asset management group ENAM, where he will launch an infrastructure fund.
Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
Abu Dhabi SWF plans 15% stake in Gatwick
The Abu Dhabi Investment Authority (ADIA), Abu Dhabi's sovereign wealth fund, is reportedly planning to invest £125 million ($198.4 million) for a 15% stake in London's second-biggest airport, Gatwick Airport.
JPMorgan closes $858.6 million Asia infra fund
JPMorgan Asset Management has announced the close of its JPMorgan Asian Infrastructure & Related Resources Opportunity Fund at $858.6 million.
Korea’s NPS goes to Gatwick
The National Pension Service, South Korea’s $236 billion SWF, has reportedly announced plans to buy 12% of the UK’s Gatwick Airport from current owner Global Infrastructure Partners, in a secondary transaction estimated at some $155 million.
Jain leaves IIF
Ajay Jain, one of the founding principals at IDFC Project Equity's $927 million India Infrastructure Fund, is leaving the firm to head the Indian infrastructure initiative of an unnamed US company.
TPG buys into Indian green energy with Greenko
TPG Capital has made its first investment in the country’s clean energy sector, with a c. $35 million buy-in into prominent Indian biomass power generator Greenko, as part of a placement of 51.4 million new shares and a $116 million capital raising...