Nia Tam
The $199bn retirement fund is looking globally to boost its infrastructure and real estate exposure to 10 percent, up from 4.06 percent currently.
The government has updated its legislation, increasing investors’ required equity participation from 15 to 20 percent of the cost minus the state’s contribution.
The Japanese investor considers the country more attractive than the ‘competitive’ European market.
The country’s investors have shown a growing interest in overseas assets, primarily in regulated utilities, renewables and PPPs, according to Truston Asset Management’s head of alternative investments.
Canadian Solar is set to build its first project in the East Asian country, with construction to begin in early 2019.
The country’s newly elected prime minister, Mahathir Mohamad, orders overseas projects, including the HSR and One Belt One Road schemes, to be scrutinised.
The Indian fund manager will continue to raise a further $700m in the next 12 months, in a bid to reach its $1bn target.
Peter Jolly, National Australia Bank’s global head of research, explains why the private sector is needed to help fund infrastructure projects worth $57bn in Australia in the coming decade.
The two companies have agreed to pay $1.2bn for ADT Caps, South Korea’s second-largest security services provider.
The two institutional investors have acquired 55% of shares in IndInfravit, an infrastructure investment vehicle sponsored by L&T IDPL.