The two firms have formed ‘Media and Communication Partners’, a London-based joint venture that will manage European communications and infrastructure assets. Last year, Macquarie sold its Sydney-listed communications infrastructure investment fund to the Canada Pension Plan Investment Board for A$1.64bn.
The $156m investment marks the $203.6bn pension plan’s first direct investment in its growing infrastructure programme. In March, CalPERS said it would make $900m of investments in infrastructure this year, including $400m directly.
Headed by Novera Energy founder David Scaysbrook, the team will make direct investments in areas including wind farms and solar projects.
The Swiss alternative asset manager and adviser has launched a new clean energy and infrastructure initiative headed by Novera Energy founder David Scaysbrook. The firm plans to make direct investments in areas including wind farms and solar projects.
Riverwood, staffed with several former KKR professionals, is targeting $750m for its debut fund.
The $94bn pension fund has started webcasting its board meetings following a growing trend among US public pensions to have live feeds of its sessions.
A Virginia law allows private investors to make unsolicited proposals to develop public infrastructure projects. But such proposals can often end up being unsuccessful, as was the case with Precon Construction’s bid to replace the city of Chesapeake’s Steel River Bridge.
An investment policy approved by the trustees of the Florida State Board of Administration will give the state’s $110bn retirement system the flexibility to invest up to 2% of its assets in infrastructure. The move is part of a broader portfolio transition that shifted about 10% of allocations away from listed equities and fixed income towards alternatives.
For pensions looking to get into infrastructure, the inaugural ranking of the 30 largest infrastructure investors in the world – compiled by Infrastructure Investor magazine – shows that direct investing is the way to build a hefty investment programme in the asset class.
KKR’s recent East Resources exit – coupled with HitecVision’s specialist energy fund close this week – is further evidence that the energy sector remains active and vibrant for private equity investors, writes Christopher Witkowsky.