Four Democratic representatives have introduced a bill that would authorise the creation of an entity to fund infrastructure projects ‘of regional or national significance’. It would be funded with up to $250bn of federal dollars that would enable $625bn of lending capacity.
An expected slump in returns and exit activity has done little to shake confidence in long term growth expectations for India, China, the MENA region and Latin America.
In its annual report, the mega-buyout firm frankly addressed setbacks it suffered last year, including the liquidation of Blue Wave and Carlyle Capital, but stressed it is poised to take advantage of current opportunities.
Is this week’s wrap-up of the £6.2bn PFI for London’s M25 motorway a sign that the project finance market is finally getting going again, asks Chris Josselyn.
The listed income fund has successfully refinanced $162.5m of credit facilities. The fund will also have the opportunity to expand the facility to $200m, subject to securing additional commitments.
Experts presenting at the PEI Active Portfolio Management Forum in New York described sellers in the secondaries market reluctant to agree deals at steep discounts, and buyers waiting on the sidelines.
With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
The Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.