1. Franklin Templeton plans infrastructure investment
Asset management firm Franklin Templeton’s real estate arm has established a newly dedicated business team to analyse, select and invest in real asset fund opportunities. Sources suggest that the company is planning to launch a real assets fund of funds that will invest in infrastructure as well as other real assets globally.
2. Pravi Capital targets $200m for debut fund
The Indian firm, founded by three former ICICI Venture senior managers, is expected to begin fundraising in the last quarter of 2010. Infrastructure will be part of the fund's investment mandate.
3. Ireland unveils €40bn infra stimulus
The government of Ireland has announced an infrastructure stimulus plan of €40bn between now and 2016. A report from the finance ministry states that a significant proportion of the investment will come from the private sector.
4. ADIA linked to bid for UK high-speed rail
The Abu Dhabi Investment Authority (ADIA) is part of an investor group seeking to buy UK’s high-speed rail link to the Channel Tunnel, according to reports. The sale is expected to bring in £1.5bn to £2bn.
5. Chicago parking group to sell $500m of bonds
The offering will test investors’ appetite for private infrastructure bonds and may encourage other infrastructure owners to issue bond debt. The deal will also inject debt into Chicago Parking Meters LLC, which was financed entirely with $1.16bn of equity.
6. GMR explores sale of US power firm stake
Indian firm GMR is looking at the possible sale of its 50 percent share in InterGen, the US power generation company. GMR is exploring options with a limited number of potential buyers for the asset, which is valued at around $1.1bn.
7. India opens rail to private sector
Private sector entities can now construct, operate and maintain railway tracks in the country under the railway ministry’s new policy of promoting investment in rail infrastructure projects.
8. AMP hires Access execs, opens New York office
The Australian asset manager has hired Tom Majewski and three other infrastructure investment professionals from Access to found the firm's New York-based infrastructure team.
9. $11bn debt fund for India’s power sector
The Indian government is planning an $11bn debt fund in order to help finance the country’s power shortage. The fund is still in its planning stages and is expected to attract both domestic and foreign investors.
10. Spain announces 45% cuts in solar subsidies
Details have emerged of large cuts in subsidies to Spanish solar plants, a move that was feared by investors who have piled into Spain in order to take advantage of an extremely generous regime in support of the development of the renewable energy sector.