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.
The Paris-based fund manager – together with Acciona and Cintra – has been awarded a 30-year concession for a stretch of Spain’s A66 highway. The road deal is Meridiam’s second in Spain, after the same team signed up to build a €150m portion of the A334 freeway in Almeria.
The Australia-headquartered financial services provider is planning to raise cash for another addition to its North America-focused infrastructure funds business. The newly established vehicle will target approximately $2bn.
The Spanish developer has bought 500 mobile communication towers from telecommunications operator Telefonica for €45m. The deal marks Abertis’ entrance into the mobile infrastructure market, with the developer eyeing a further 500 towers before the year is out.
Conduit Capital Partners divested its final piece of Gasoducto Andina del Sur, selling the pipeline project to Odebrecht. The private equity firm became sole owner of the project in 2008.
The London-based fund manager has teamed up with Brisa’s largest shareholder to try to take it over. The partners are offering €2.66 per share for the Portuguese toll road operator and plan to de-list it if the takeover is successful.
The state’s $147bn pension system rebuts a senator’s claim that it has paid too much in fees to managers – but its peers have shown that big savings are possible.