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 business lobbying organisation is calling on the UK to credit-enhance greenfield projects, introduce tax incentives, pool pension resources, curtail Solvency II and encourage banks and institutional investors to come up with a shared funding model.
Myanmar’s transformation from military dictatorship to democracy continues, drawing a crowd of frontier-focused private equity firms. But many say it is still too early to invest.
CVC Asia Pacific’s control-oriented strategy initially led it to Australia and Japan. But as the firm struggles in those buyout markets, quiet deals are emerging in Southeast Asia as well as Greater China. Sigit Prasetya, head of Southeast Asia for the firm, discusses a strategy shift in Asia with Drew Wilson
Spain’s Madrid-Toledo toll road bankruptcy proceedings could be emulated by the country’s 10 or so troubled concessionaires.
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 position will be responsible for managing the $39bn endowment’s $5bn private market co-investment programme, which consists of private equity, infrastructure and other strategies.
James Jenkins, who has worked for Lehman Brothers and Credit Suisse, has joined Global Infrastructure Partners as a managing director in charge of investor relations. He will help shore up GIP’s second infrastructure fund.
The Canada Pension Plan Investment Board is now the biggest pension fund in Canada with C$161bn. Its infrastructure investment paid off handsomely, returning 12.8%.
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.