Vikram Gandhi, who has worked for Credit Suisse and Morgan Stanley, has established a consultancy to facilitate investment in Indian infrastructure. His VSG Capital will also have a presence in Hong Kong, London and New York.
The Japanese firm is negotiating with Spain’s FCC to acquire joint control of the latter’s energy unit, which owns several renewable assets across Spain. FCC and Mitsui say they are now awaiting regulatory approval from the European Union.
Emil Henry (pictured, r), who started the widely touted Tiger Infrastructure Partners with backing from hedge fund icon Julian Robertson (pictured, l), thinks energy-from-waste and shale gas have a big role to play this year in infrastructure investing.
The secondaries market can be an important tool in portfolio management – but only when pricing makes sense, the US pension’s CIO recently told PEI.
The Rohatyn Group has acquired a 60% stake in mid-market infrastructure private equity firm CapAsia, which focuses solely on non-BRIC emerging Asia. CapAsia has over $400m of assets under management.
The recent collapse of Hungarian airliner Malev, which accounted for some 37% of Budapest Airport’s annual business, could trigger a compensation claim from the airport concessionaire of up to $3.6bn. Hochtief owns 49.7% of Budapest Airport.
Company founder Chris Beale (pictured) said the infrastructure fund manager is planning to add staff to strengthen its European business. But he added not all of them will be as senior as Alinda’s latest hire: ex-Goldman Sachs energy veteran Andrew Bishop.
The firm has held a first close on its flagship fund for North America mostly from existing investors and has expanded its LP base from 275 to 400.
A secondary offering on Brookfield’s $13bn renewable energy fund is now over with the asset manager raising a total of $341m.
The New South Wales government has pledged to invest A$175m in the troubled Reliance Rail rolling stock public-private partnership – which counts AMP Capital, International Public Partnerships and RBS as investors – to reassure its creditors ahead of a planned draw down.