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.
The infrastructure fund, dedicated to infrastructure investments in the southern and eastern Mediterranean region, has bought the stake from Turkish developer Limak, which acquired the port from the Turkish government earlier this year.
The South Korean National Pension Service – the world’s fourth-largest pension fund – says it will open a London office in June, its second foreign office after New York. The pension spent over £1bn investing in the UK last year, including the purchase of a 12% stake in Gatwick Airport.
The government has closed a $1bn tax loophole used by firms to write off portfolio companies’ interest payments, vowing that firms will not 'escape their social responsibility'.
Subsidiaries of France’s Aeroports de Paris and Bouygues – together with Croatia’s Viadukt – comprise the consortium selected as the preferred bidder for the €324m contract to more than double passenger capacity at Croatia’s Zagreb Airport.
Stephen Wermert, of the Asian Development Bank, discusses how the Central Asian and South Caucasus region is starting to open up to infrastructure developers and investors.
The global private asset manager has bought three solar portfolios comprising projects in California and New Jersey with an aggregate generating capacity of more than 100MW.
NewWorld Capital, a New York-based private equity firm that was founded three years ago by executives from the likes of Goldman Sachs and McKinsey, has launched a new environmental infrastructure fund backed by funds of funds manager North Sky Capital.
The El Paso Firemen & Policemen’s Pension Fund has put $2.5m with Global Investment Partners' second infrastructure fund. GIP II, which held its first close with $3bn, is targeting $6bn total.
The monoline’s European boss, Dominic Nathan, sees Assured Guaranty as part of ‘a world of four or five competing, but different, solutions that will be the facilitators of the capital markets’.