Please click here to cast your vote now in the 2013 Infrastructure Investor annual awards!
Why take the time and trouble to vote? Well, aside from simply wanting to recognise the achievements of peers who stood out from the crowd, this was a year in which the infrastructure asset class as a whole posted many significant landmarks. A record votes tally would be a fitting acknowledgement of an exceptional year.
For example, in the US, pioneering legislative moves were afoot which set out to finally address that country’s infrastructure shortcomings. The Partnership to Build America Act, spearheaded by Congressman John Delaney, achieved a striking level of bipartisan support as it put forward ways of rebuilding US infrastructure through the use of repatriated corporate earnings.
It was a year of innovative financing arrangements, including of the kind which sought to facilitate long-term institutional investment in debt. So, for example, French bank Natixis followed up a joint venture it had formed with insurer Ageas last year to do the same with another insurer, CNP, in 2013. Both arrangements revolved around Natixis originating opportunities that the insurers might support for the long term.
It was another spectacular year for fundraising. Of course, all sorts of admirable fundraising spadework goes on beneath the more attention-grabbing activities of the headline acts. But it’s hard to ignore the $7 billion vehicle assembled by Brookfield Infrastructure Partners which – after Global Infrastructure Partners’ $8.25 billion closing the previous year – demonstrated the heft that can be achieved by infrastructure funds these days.
On the deals front, it was a highly productive year which seemed to gather speed as time went on. In Australia, the “social privatisation” theme promoted by the likes of IFM saw the ports of Botany and Kembla end up in the hands of superannuation policy holders. In Brazil, meanwhile, deals began to emerge from the pipeline of that country’s enormous $121 billion logistics programme.
The above examples are all in some way represented in our voting shortlists. Of course, there are endless other examples we could provide that there is not room for here. So why not take a look at the poll without further ado – and all will be revealed.