Cezary Podkul takes an insider’s look at how infrastructure financier Babcock & Brown amassed – and lost – an A$14 billion empire built on debt.
The fundraising market has collapsed since September. Now funds must change strategy to tap the new money emerging from institutional investors. Michael Kapoor reports.
A summary of infrastructure news from around the world
Speymill, the AIM-listed real estate fund manager and contractor, has resumed trading on London’s junior stock exchange following a nearly three-month share suspension. Meanwhile rival AIM-listed fund, Macau Property Opportunity Fund, reports a fall in the value of its portfolio and the securing of its first loan.
No one agrees on the most influential investors in global infrastructure, but there are many strong contenders. Here’s our pick, after asking around the industry.
London’s Ashmore Investment Management is heading for new shores, downturn or no downturn
Gatwick airport is managing to attract pension funds as direct investors
The real estate investment and development firm can appeal a US court ruling that would force it to repay millions of dollars in rent overcharges. The ruling had brought into question the strategy of converting rent stabilised apartments in New York to market rates.
The European development finance institution has committed to funds from two Central European mezzanine specialists: Mezzanine Management and Syntaxis. It has also approved a €20m commitment to a special situations fund.
The Finnish private equity firm’s life sciences head, Jan Lundahl, has resigned seven years after he joined the firm.