Northleaf Infrastructure Co-Investment Partners has amassed C$500m in capital. The fund is the debut infrastructure offering from private equity firm Northleaf Capital.
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
The oversubscribed refinancing involved 17 ‘existing and new relationship banks’ from the UK, Continental Europe, the US, Canada and Australia. The new debt facilities have a five-year tenor and carry margins of between 150bps and 225bps.
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
A consortium involving APG and PGGM shelled out $277m for a chunk of LBC from infrastructure fund Challenger. The deal will close in the summer.
Recent US Securities and Exchange Commission filings indicate the firm, led by Glenn August (pictured) has raised $770m as it shoots for a newly-increased $1bn target.
Aviva Life & Pensions UK, the EIB and the Development Bank of Japan have backed the debt fund’s first close. The Aviva/Hadrian’s Wall Capital vehicle is targeting £/€1bn to invest in low-risk infrastructure across the UK and Europe.
The European Union will earmark €230m to road-test the EIB’s initiative to credit-enhance private sector infrastructure bonds. It is expected that this commitment could unlock some €4.6bn in private investment.
The global investment management firm said it was ‘engaging with investors’ on the launch of the Henderson High Income Real Estate Debt Fund and Senior Secured Real Estate Debt Fund.
The $12.78bn retirement system has invested $100m across five funds since its February meetings.