RREEF Infrastructure could be heading to New York and Chicago-based Guggenheim Partners as the latter enters exclusive talks to buy parts of Deutsche Bank Asset Management put up for sale last year.
Energy Capital Partners has bought AES Red Oak, an 830MW gas turbine. The energy infrastructure fund manager purchased the company from AES Corporation.
Christopher Lowe, who has a renewable energy background and has worked for HSBC and JP Morgan, joined SteelRiver Infrastructure Partners as chief investment officer. He will report to chief executive Chris Kinney and will be based in New York.
The Isle of Wight Council has chosen consortia led by French companies Colas and Vinci to submit final proposals for the island’s largest engineering scheme, which will see the winner refurbish and maintain several hundred miles of roads and footways. A preferred bidder will be announced in June.
The C$55bn Ontario Municipal Employees Retirement System credited infrastructure with driving its return in 2011. Its allocation to the asset class turned in an 8.79% performance, beating its internal benchmark.
The infrastructure fund manager unloaded Utilities, Inc., a water and wastewater service in North America to Corix, an infrastructure outfit partly owned by British Columbia Investment Management Corporation.
The Worcester Regional Retirement System is planning to spend $5m to $10m on an experienced infrastructure manager. The $400m fund has issued a request for information with a deadline of March 7.
Record secondary deal volume is giving GPs the opportunity to broaden their investor base, according to panelists at Harvard Business School’s Venture Capital and Private Equity Conference.
The Australian group, together with France’s Eiffage, has obtained a €2.8bn, five-year loan in addition to a €720m revolving credit facility. Moody’s deemed the refinancing ‘moderately credit positive’, but warned the toll road network’s Baa3 rating might be revised in the future.
Two senior executives have been fired for running afoul of ethical conduct, after media allegations tying one of them to a plot to smuggle Saadi el-Qaddafi (pictured), son of deceased Libyan dictator Muammar el-Qaddafi, into Mexico, surfaced.