Christopher Keber has been confirmed as director of global capital raising for the Greenwich, Connecticut-based firm. PERE first revealed Keber’s appointment in April.
A loan of €20m will be provided for the setting up of an integrated power plant in the country. The loan marks the first involvement of the Asian Development Bank in a private sector infrastructure project in Central Asia.
Bank-affiliated infrastructure platforms dominate The Infrastructure Investor 30, a new annual ranking of industry players. Together the 30 largest infrastructure investment groups have formed $140.5bn of capital for the asset class over the past five years.
In an effort to curb the use of placement agents, the US' largest public pension has set up an automated system for submitting private placement memorandums that has been greeted with scepticism. But CalPERS CIO Joseph Dear said the system will eliminate the need for money managers 'to pay someone to call us'.
Alan Bear has joined the principal real estate advisory and investment arm of Alvarez & Marsal as managing director to help grow the platform and source capital for asset and portfolio-level recapitalisations.
Our inaugural ranking of the 30 largest infrastructure investors in the world, The Infrastructure Investor 30, shows that private firms are making some progress toward meeting the world’s infrastructure spending needs. And investment banks are leading the charge.
A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.
The Port of Virginia has reached ‘an agreement in principle’ to lease a terminal from APM Terminals for 20 years. Officials had previously indicated that once that deal was agreed, the state would move forward with the evaluation of business proposals from Carlyle, Goldman Sachs and CenterPoint Properties.
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives.
Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave amid a burgeoning pension scandal in California.