Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap. The fund received first-time commitments from CalPERS’ newly created infrastructure allocation and from the Oregon Public Employees Retirement Fund totalling $500m.
Most-read news stories from InfrastructureInvestor.com over the past month:
Chief executive Michael Powell said in a recent interview with InfrastructureInvestor that he wants to make the UK pension a leading co-investor in infrastructure. He said the focus for fund investments would be on re-ups with managers the pension already has a relationship with.
David Snow ponders what a proposed US banking rule would mean for captive private equity and private equity real estate firms.
Shareholders today green lighted Macquarie Infrastructure Group’s proposal to divide itself into two listed groups separated according to risk profile. Riskier assets will now be held by a new fund called Macquarie Atlas Roads with the more mature ones held by new vehicle Intoll.
The Indian infrastructure construction company will use the investment from Templeton's retail private equity fund for the acquisition of larger projects.
Qatari Diar – fully owned by the emirate of Qatar – has become the second-largest shareholder in French construction company Vinci with a stake of between 5% and 8%. In exchange, Vinci acquires 100% of service provider Cegelec, which is set to add some €3bn in revenues to the French group.
Europe’s largest insurance company could double its investments in infrastructure and other alternative asset classes – such as private equity and real estate – to €30bn. The new strategy aims to counteract lower returns on traditional investments.
Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.