Hodes Weill’s latest allocations monitor showcases an increasing appetite for infrastructure with 'controllable' risks and higher yields.
Macroeconomic conditions have changed dramatically since the first wave of renewable energy investments began in 2009. Bluefield Partners’ co-founder and managing partner identifies the trends resulting from this change that are currently shaping the sector.
PSP invests $500m in infra debt pilot project, KKR and Stonepeak’s UK tussle continues and Brookfield acquires $7bn fibre play from Blackstone. Welcome to The Pipeline, the start-the-week briefing for our valued subscribers only.
Despite a lull in deal activity, there is plenty of activity bubbling under the surface.
With the US fibre landscape so fragmented, there is significant scope for consolidation. But it will be far from straightforward.
Flush with cash in an increasingly competitive market, secondaries buyers are searching for assets from non-conventional sellers, such as strategics.
MIP CEO Karl Kuchel says that even with slowing fundraising, infrastructure is making headway in portfolios.
After agreeing the mega-sale of Calpine, ECP is looking to cement its position as the largest private owner of power and renewables in the US.
The decision will ‘increase flexibility’ and help secure best value for money, said chair Greg Combet.
Shortly after acquiring GCP International, Ares has closed its inaugural data centre fund, which included a $1.3bn commitment from CPP Investments.