1. Global Infrastructure Partners, Meridiam sweep the board at II awards
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards, a first for Infrastructure Investor, attracted votes from over 35,000 industry participants.
2. AMP appoints Asia Pacific infrastructure head
Australian investment manager AMP Capital has hired Boe Pahari from Foreshore Global Capital to head its infrastructure investments in the Asia Pacific region. It is a new role at the firm.
3. JPMorgan raises $1.7bn for infrastructure fund
In the same week that it agreed to a $427 million water deal, JPMorgan Asset Management’s Infrastructure Investments Group said in a regulatory filing it had raised additional capital for its infrastructure fund.
4. CalPERS to make $900m in infrastructure commitments
The pension is also planning on making $400 million of direct investments in infrastructure in 2010 as it further builds up a team to make such investments, according to a presentation prepared for the investment committee of the $205.8 billion pension.
5. OMERS seeks $5bn from US pensions
An affiliate of private equity firm Yucaipa is raising a $5 billion feeder fund from US pensions to invest in a global scheme targeting large infrastructure and real estate assets. The scheme, targeting $20 billion in total, is spearheaded by the Ontario Municipal Employees Retirement System.
6. Pittsburgh weighs options on parking PPP
The nine-member city council advanced a bill to study other options for shoring-up Pittsburgh’s underfunded pension besides a PPP, including a transfer of parking assets into the pension. Council member Natalia Rudiak said she would ‘prefer to have any unknowns cleared up now’ instead of after the city does a PPP.
7. Concessionaires hit by Chilean earthquake
Toll road developers Atlantia, ACS, Abertis, Belfi, Cintra, Global Via, Hochtief and ISA have all suffered damages to their Chilean road concessions in the aftermath of the 8.8 magnitude earthquake that struck Chile.
8. Infrastructure ratings reflect cautious optimism
A new report indicates that infrastructure assets have remained fairly resilient through the crisis and there are few signs of credit deterioration. But the outlook is not yet “definitively positive” and a number of risks remain.
9. AXA eyes €1bn-plus for Fund III
In a sign that the French group is placing increased focus on the infrastructure asset class, AXA Private Equity could double its infrastructure assets under management with its latest fund-raise.
10. €1.5bn EU infra fund reaches first close
The EU’s €1.5bn Marguerite infrastructure fund has reached its first close with over €700m in commitments. Malta’s Bank of Valletta, Portugal’s Caixa Geral de Depósitos and the European Commission have joined the six core sponsors of the fund.