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Jordan Stutts

KKR gears up for $2bn Asia fundraising as it rounds out regional team

With MIRA veteran David Luboff and Brookfield’s Hardik Shah joining, the manager is targeting its first Asia-focused infrastructure fund.

Water and waste management top sustainable assets wish list

Investments in water and wastewater management are what institutional investors that responded to a Bright Harbor Advisors survey said they are most interested in when seeking exposure to sustainable alternative assets. Bright Harbor, a New York-based placement agent, found that 81 percent of LP respondents have already added a sustainability, impact or ESG (environment, social, […]

Texas ERS targets $450m of infra investments next year

The Employees Retirement System of Texas plans to nearly double the current size of its infrastructure portfolio in the upcoming fiscal year with a view to growing it to $2.62 billion by 2023. The pension fund – the infrastructure portfolio of which had a net asset value of $571.2 million as at 30 September, accounting […]

Is ‘infra-like’ alike enough to be the future?

A hot market for core infrastructure is leading managers to explore the outer edges of the asset class, with a focus on service provision. Jordan Stutts reports from the new frontier.

‘Bullish’ growth in battery investments will reach $1.2trn by 2040

Energy storage presents a trillion-dollar investment opportunity for investors as batteries improve in cost and performance, according to a report published by energy technology analyst BloombergNEF. The long-term outlook for energy storage is positive, with an estimated $1.2 trillion of investments heading toward distributed, or behind-the-meter, batteries or utility-scale projects by 2040, according to the […]

‘Even battle’ between energy and data for Brookfield Infrastructure’s capital

Brookfield Infrastructure pointed to key investments in energy assets and data centres during its third-quarter earnings call as a hint to where the company is most likely to deploy capital in the coming decade. Sam Pollock, chief executive of the listed infrastructure subsidiary of Brookfield Asset Management, said it will be “an even battle” between […]

Apollo plans infra fundraising after $1bn deal with GE

New York-based Apollo Global Management plans to use a recent $1 billion deal with General Electric as the foundation for a dedicated infrastructure strategy, its executives said during a recent earnings call. Apollo co-president Scott Kleinman called the recent acquisition of power and midstream assets from GE Capital, the US company’s investment arm, an “attractive […]

Carlyle agrees to terminal project amid rising US crude exports

The Carlyle Group has agreed to build a land-based oil export terminal on Harbor Island, off the coast of Texas in partnership with the Port of Corpus Christi Authority. The Washington DC-based private equity firm will have full ownership of the terminal, which Ferris Hussein, a managing director for the firm’s infrastructure group, said will […]

Solar and wind ‘to benefit most’ from California renewables mandate

Investments in solar and wind in California have the highest growth potential among renewable energy assets after the state’s governor, Jerry Brown, set a 100 percent clean generation mandate for 2045, S&P Global Ratings said in a recent report. There are going to be winners and losers from that shift, S&P claimed, with mainstay renewables […]

OP&F backs US-focused Axium fund with $125m

Montreal-based fund manager Axium Infrastructure received a $125 million commitment to its US-focused vehicle from the Ohio Police and Fire Pension Fund. OP&F is expanding its $283 million real assets portfolio with the commitment to Axium Infrastructure US Fund, which the firm will use to invest in energy, transportation and social infrastructure assets, according to […]

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