Tharshini Ashokan
The superfund is also boosting its private credit team’s presence overseas, adding six new people over the next 12 months.
A consortium comprised of KKR and Ontario Teachers’ Pension Plan has come back with an increased offer for Spark Infrastructure after its two previous bids were rejected by the company’s board.
The Australia-based infrastructure manager has thrown its hat in the ring with a bid for superannuation fund Rest’s 50 percent stake in gas pipeline owner SEA Gas.
The London-based asset manager has appointed Brett Himbury as a senior adviser, following his decade-long tenure as chief executive of Australian fund manager IFM Investors which ended with his retirement last year.
The independent board found a change of management for the AMP Capital-run vehicle was not in the best interests of investors.
The firm is also increasing fund governance as part of a proposal shared with Community Infrastructure Fund investors last week, as it stands up to rival Plenary Group’s takeover bid.
Citing the short-term impact of the pandemic, the airport’s board says the offer undervalued the asset and was not in the best interests of securityholders.
Stonepeak’s Global Renewables Fund, which has invested $800m to date, seeks to focus on developed markets with stable regulatory frameworks.
The bid is conditional on UniSuper, which owns 15% of the airports shares keeping its equity stake in the company.
PEP hopes to launch a second iteration of its successful Secure Assets Fund before the end of the year, once the initial fund has been fully deployed.