The UK's £3bn Green Investment Bank will be have its administrative headquarters in Edinburgh with its main transaction team based in London. 3i's Sir Adrian Montague is helping to set up the bank.
The Teachers’ Retirement System of Louisiana has seen a lot of managers over the past few months and has been able to pick and choose its favorite funds, a luxury limited partners enjoy in the crowded fundraising environment.
Caledon Capital Management, a consultant, has identified direct investment in infrastructure as an emerging pension trend and is thinking of beefing up its team to satisfy client demand, partner Asif Hussain (pictured) said.
The North Texas Tollway Authority has decided to break up the financial adviser position occupied by RBC Capital Markets and issue a separate request for qualifications for a PPP adviser. RBC had acted as the sole financial adviser to the NTTA since 1983.
Vikram Gandhi has landed a post with Greenhill & Company as special adviser. The appointment marked the second in a month for Gandhi, a specialist in Indian infrastructure and former Credit Suisse banker who started his own consulting business last month.
The $48bn collective pension fund scheme for the Wolverine State allocated to Credit Suisse and JPMorgan in the fourth quarter, according to an internal report. The system is now contemplating direct investment.
TIAA-CREF, Cook Inlet Region Inc. and power generator Edison Mission Energy have set up Capistrano Wind Partners, which will invest $460m in US wind farms over the next 12-months.
The French infrastructure fund manager is the frontrunner to buy a minority stake in Veolia Transdev – a global leader in public transportation – from utility Veolia.
Mayor Rahm Emanuel and former President Bill Clinton unveiled a groundbreaking initiative to leverage up to $1bn from some of the industry’s biggest names to help reinvigorate Chicago’s infrastructure.
The Macquarie Renaissance Infrastructure fund – together with Xenon Capital Partners and the Russian Direct Investment Fund – has bought 26.4% of wholesale Russian power generator Enel OGK-5 for $625m. The seller was Russian energy firm Inter RAO.