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.
The US fund manager sold 9.25 million units in the secondary market of master limited partnership Chesapeake Midstream, priced around $29 apiece. The tender marked the second major energy sector sale in 2012.
The French fund manager has hired Bruno Candès (pictured) as an investment director to help raise its second mid-market European infrastructure fund. The hire is part of a ramp-up in staff that sees Infravia also hire talent from Amber Infrastructure and ETDE.
The C$155bn Canadian pension, impressed with the long-term horizon offered by infrastructure in Australia, is planning to increase its investment in the asset class, CPPIB’s chief executive said.
Partners Group originally advised some of the equity investors in the Plenary Health consortium,which won a public-private partnership for the Melbourne healthcare facility. Partners praised the ‘defensive’ nature of social infrastructure.
Carol Kennedy, senior partner at Pantheon Ventures, has called time on a 22 year career at the fund of funds manager and will focus on charitable work in her retirement.