If infrastructure, like the wider economy, had its private sector debt bubble peaking in 2007, then, like in the wider economy, it should only be a matter of time before its own sovereign debt crisis bursts onto the scene.
In a positive sign for the syndication market, three banks – BBVA, Credit Agricole and Natixis – have closed an oversubscribed syndication of £236m of senior secured credit facilities for the SITA South Tyne & Wear waste project.
The emerging markets-focused firm has set sights on the growth potential of Jordan’s payment market.
The Los Angeles-based alternative asset manager has purchased the investment business of the Chicago-based debt provider, with the intention of expanding further into commercial real estate lending. Consequently, Ares has formalized its real estate efforts by creating a dedicated team.
The industry’s European lobbying arm has welcomed the continent’s proposal for a venture capital marketing passport, saying it would help drive growth in the struggling region.
The Italian infrastructure investor was said to be seeking €100m in damages over the failed placement of an infrastructure fund in 2007. Both parties say the dispute has been resolved ‘amicably’, without mentioning if any damages were paid.
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
Richard Slocum, a highly-regarded LP who helped craft the ILPA Private Equity Principles, will join the family office of the Johnson Family as CIO.
Leon Black-led Apollo - which has approximately $10bn in dry powder - believes the volatile markets could be rife with opportunities.
Leon Black-led Apollo -- which has approximately $10bn in dry powder -- believes the volatile markets could be rife with opportunities.