News & Analysis

The majority of the capital – £2.5bn – was raised for separately managed accounts that will invest alongside the blind pool fund in utilities, social and transport infrastructure, as well as renewables.

Opposition from within the governing coalition has led to the project being placed on the backburner until after the general election in September.

The London-listed fund will set aside 25% of its gross asset value for non-solar investments as it prepares for increased renewables in the system.

Covid-19 and social unrest following the murder of George Floyd have highlighted the lack of investment in underserved communities, Epiphany Community Holdings’ founders tell Infrastructure Investor.

Airport valuations take a 35 percent nosedive, L&G offers up a £190 billion infra plan to the UK government and CalPERS publishes its first TCFD report. 

Kathryn Leaf will focus on investments but will step aside from business development as her role is being revised to accommodate ‘some personal needs’.

Boe Pahari, who joined the Australian fund manager in 2010 and is currently global head of infrastructure equity, will succeed Adam Tindall on 1 July.

Tom Horton, a partner at the New York-based manager and former CEO of American Airlines, has been chosen to lead the effort.

The vehicle follows the $3.3bn Macquarie Asia Infrastructure Fund II, which was the largest Asia-focused infrastructure fund ever raised at the time of its close in 2018.

Building housing for underserved communities serves a necessary social need while also generating sufficient returns for long-term, income-orientated focused capital.