The French infrastructure investor – fresh from closing its second, Europe-focused infrastructure vehicle on €935m – is targeting a final close of around $1bn this summer for its North America fund.
Mayor Emanuel (pictured) bowed to a city council concern, agreeing to allow an alderman to sit on the board of the Chicago Infrastructure Trust. Citi, JP Morgan and Macquarie, which joined the Windy City in creating the venture, are expected to support the decision.
Six consortia including greenfield funds Meridiam and InfraRed Capital Partners as well as marquee developers like VINCI, Cintra, ACS, Skanska and others have expressed interest in bidding for the Indiana side of the Ohio River Bridges project.
Morgan Stanley Infrastructure and EQT Infrastructure Partners are some of the big names involved in a potentially precedent setting bid for an on-garage and on-street parking concession in Harrisburg.
Most of the investors in the French fund manager's second, European-focused infrastructure fund are institutional investors from Asia, Australia, Europe and North America that have not invested with the firm before.
Farhad Billimoria, one of four founding members of AMP Capital’s New York team, is leaving the firm to join the infrastructure investment operation at US pension giant CalPERS. The former head of AMP’s US team, Tom Majewski, left for RBS in September last year. Only two team members currently remain.
The French fund manager has closed its second infrastructure fund, raising €300m more than it did for its first infrastructure vehicle, which closed in 2008. Meridiam is said to be still fundraising for its $1bn North America-focused fund, which is scheduled to close in summer.
David Rees, formerly of international utility National Grid, has joined Rob Verrion as co-head of asset management for European infrastructure in AMP Capital’s London office.
Infrastructure boss Macky Tall reveals the pension is ‘currently developing a strategy on how to play the emerging market opportunity’ as the Caisse seeks to grow its 12-person infrastructure team to closer to 18 people.
Terra-Gen Power, owned by ArcLight Capital Partners and Global Infrastructure Partners, has unloaded a 150MW wind farm in California. ArcLight sold 40% of Terra-Gen to GIP in 2009.