October 2014 Issue


    Month: October
    Year: 2014

    Back to Print Editions

    Take-off for China fund

    The country’s aviation industry has received a $3bn boost.

    Europe subdued

    Austerity measures are still putting a brake on deals in the region, as the US begins to pick up speed.

    Full speed ahead for largest project

    The I-4 Ultimate, a landmark deal for both Florida and the US as a whole, has reached financial close.

    The CalSTRS club in the making

    Details are scant so far, but the California pension fund has plans to team up with others for deals.

    Queueing up for seconds

    A leading private equity secondary investor has waded into infrastructure with a key hire.

    An emerging slump

    Developed markets are all the rage, as investors fight shy of emerging market risks.

    Why is Gary off the radar?

    Illinois’ description of South Suburban Airport – a project it is considering – as Chicago’s third regional hub seems to overlook Indiana’s existing and expanding Gary/Chicago International.

    Worth the journey?

    West African nations have just announced a $21bn PPP programme. Like in most emerging markets, however, investors want to see tangible guarantees and progress before parting with their money.

    Going with the flow

    Despite some reservations, many fund managers view Mexico’s energy reforms as a huge opportunity. Yvonne Li runs the rule over the country’s post-monopoly environment

    Where there’s a will there’s not necessarily a way

    Governments in Asia are increasingly focused on creating the right environment for greater private participation in infrastructure investment. But political will alone does not translate into opportunities, writes Siddharth Poddar

    How to make the most of midstream

    Changing energy dynamics in the US have created exciting opportunities for infrastructure investors – but how best to exploit them? Yvonne Li met with four experts in New York to gather clues

    A place to call home

    Three years after its spinout from Deutsche Bank, iCON Infrastructure has a new base from which to plot its ambitious moves. Having beefed up its team, and with a new fund on the agenda, Andy Thomson meets with a team confident that plentiful deal supply in the mid-market can help it live up to its name

    Insuring a good deal

    How can investors in public-private partnerships be certain that they have the right contracts and relationships in place in the event of a claim? Mike Roberts of Cunningham Lindsey International offers some key insights.

    Harbouring ambition

    Oregon’s track record with regard to P3s may be less than impressive, but current efforts and initiatives indicate a promising future. Kalliope Gourntis reports.

    PPP round-up

    We take a look at the key public-private partnership developments from around the world over the last month.

    Every little helps

    Tweaks to Balfour Beatty’s valuation methodology have led to a 46% uplift in its portfolio. Matthieu Favas explores the rationale behind the UK developer’s strategic decision

    Not so boring after all

    Are infrastructure valuations as immune to volatility as they are assumed to be? Matthieu Favas investigates

    How do you put a price on roads?

    The roll-out of increasingly sophisticated road-pricing solutions presents particular challenges for toll road investors, as Robert Bain explains.

    Safety in numbers?

    Frequently associated with long-term, predictable cash flows, infrastructure should be relatively straightforward to value. Yet Matthieu Favas finds that subjectivity often plays a large part in the process

    How to solve an identity crisis

    The Solvency II Directive drew attention to the lack of recognition of the infrastructure asset class. Meridiam’s Thierry Déau and Matthieu Muzumdar met with Andy Thomson to discuss how a new association aims to raise its profile.

    Selling infrastructure

    Congressman John Delaney fronted TV ads to win support for his investment plans.

    Help me, I’m Stuck

    Traffic jam becoming too much to bear? Just tell Congress what you think.

    The do-it-yourself toll road

    Pioneer Mike Watts came up with a uniquely practical solution to delays caused by road repairs.