The New York-based infrastructure private equity firm has agreed to invest in Caiman Energy from its fourth fund, which is targeting $3.5bn.
The global accounting and advisory firm has appointed two partners to senior leadership positions in its Americas real estate practice.
A consortium comprised of Macquarie Group and Swedish developer Skanska has agreed to contribute $318m in equity toward Virginia’s Midtown Tunnel project. The contract will have a 58-year term beginning at financial close, which is expected to occur by the end of the year.
Japanese recruitment services provider Intelligence has acquired Hong Kong-based Staff Management Consultancy for an undisclosed amount.
Capitalising on Indonesia’s growing domestic consumption, CLSA Capital Partners has pumped in $20m to help multi-finance company Sinar Mitra Sepadan build stronger infrastructure and IT competence.
Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
The Blackstone Group affiliate GSO has collected $1.5bn for its second mezzanine fund, which is targeting between $3bn and $3.75bn.
Having used several Private Finance Initiative (PFI) schemes as test cases, the UK’s Treasury now believes it can achieve £1.5bn of savings from the 495 PFI projects operational in England. The government has been fiercely critical of the costs of such schemes.
The winning consortium has achieved financial close for the Gunfleet Sands offshore transmission project in the UK. All of the equity for the project is being provided by INPP, the London-listed infrastructure investor, while Barclays, BNP Paribas and Lloyds are providing senior debt.