Kalliope Gourntis
The California public pension fund has revised its asset allocation mix increasing its target for infra to represent 3% of its $283.4bn portfolio.
Azure Midstream Energy, backed by Energy Spectrum Capital and Tenaska Capital, has appointed Eric Kalamaras as its first CFO.
The Fresno County Employees’ Retirement Association has hired global fund manager IFM to manage its new infra allocation.
The Indiana Finance Authority has selected a consortium led by Isolux Infrastructure Netherlands for the $325m ‘I-69 Section 5’ toll road concession.
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A recent policy revision by the public pension fund allows investment staff to make investments of up to $300m without needing approval from the Investment Committee.
Canadian Premier Stephen Harper provided details of the New Building Canada Fund which will launch in the spring making C$14bn available for national and local infra projects.
CPPIB executive Ed Cass has been promoted to senior VP and chief investment strategist, replacing Donald Raymond who will depart 31 March.
Deal activity in the transport and logistics sectors was up both in terms of volume and value in the fourth quarter of 2013, with infra accounting for the majority of mega deals.
The Canadian government has earmarked an additional C$1.3bn for investment in public infra and transportation services in its 2014 budget.
Five teams have responded to PennDOT’s RFQ for its Rapid Bridge Replacement project, which aims to replace at least 500 bridges in the state.