Daniel Kemp
Plenary Americas’ senior management will retain a minority equity stake in the business, while CDPQ will take a near-90% interest in the PPP portfolio.
Travel restrictions and market volatility mean that neither a private sale or public listing are currently viable, but Brookfield intends to re-start the sale process at an undetermined date.
Managers should get ready for internationalisation, downward pressure on fees and bigger private capital allocations, should the current wave of mergers come to pass.
Speaking at a conference in Sydney, Mark Delaney highlighted the stronger-than-expected returns generated by infrastructure in comparison to bonds.
Treasurer Dominic Perrottet announces a scoping study with proceeds to be reinvested in infrastructure in a continuation of the state’s asset recycling programme.
The two funds, which both count public-sector workers among their membership, say a merger will lead to stronger returns and lower fees for members.
Infrastructure Australia has put an emphasis on resilience in its 2020 Priority List, but investors note that there are high levels of competition for a limited number of assets.
The Australian Energy Market Commission rejected calls from investors to move to average loss factors in a ruling that 'undermines the energy transition underway'.
The Energy Security Board cautioned that the ability of investors to efficiently manage risk to support investment decisions was at a ‘critical’ level, its highest rating of concern.
Competition watchdog finds airports made record profits in 2018-2019 and was critical of the current monitoring framework for a lack of effective oversight.