Daniel Kemp
Andrew Jennings, who worked on energy and utilities deals for QIC, joins as a senior director with KKR, where he will help source investment opportunities and manage portfolio assets.
The fund manager will focus on the Windlab acquisition before turning to fundraising for a new vehicle, the Sustainable Australia Real Assets Fund.
In the midst of a company-wide rebranding, First Sentier Investors’ Niall Mills discusses European fundraising, US expansion and tightening regulation.
The firm booked a £66m write-down on its Australian renewable energy assets last year due to changes in marginal loss factors and halted new investment, but is now considering exiting the sector altogether.
Asia Pacific Village Group, owned by EQT Infrastructure Fund IV, increased its bid for Metlifecare by 50 cents to NZ$7 per share and has secured agreement from the company’s largest shareholder, NZ Super.
Monopoly ownership came under fire for perceived abuses of power, especially in Australia and the UK.
The Dalrymple Bay Coal Terminal in Queensland is likely to be valued at significantly more than A$2bn, with public market investors particularly interested in backing a regulated, defensive asset, sources say.
The vehicle will be capitalised to the tune of $1.98 billion, with $180 million in equity from the two partners and $1.8 billion in debt issuance capacity guaranteed by the Singapore government.
First State Super CEO Deanne Stewart will continue as chief executive of the merged entity, which the two funds said would provide access to more investment opportunities and reduce costs.
The federal government broadly supported recommendations put forward by the Productivity Commission in October including amendments to increase airport owners' reporting requirements.