February 2019 issue

    Month: February
    Year: 2019

    Back to Print Editions

    Lessons from a landmark IPP

    Ashwin West, investment director, African Infrastructure Investment Managers, tells us what it took to get Mali’s first independent power project to cross the finish line.

    Dialling into the demand

    5G deployment promises a new era of innovation and an ensuing demand for data, which, together, will create an opportunity to help build the necessary infrastructure.

    Can investors escape nationalisation by stashing assets offshore?

    Rattled investors are looking to bilateral treaties for protection against the potential renationalisation of UK assets. We take a look at whether these measures will have the desired effect.

    ‘There’s no such thing as asset management-lite’

    As the infrastructure sector evolves and the importance of asset management grows, four industry experts tell Zak Bentley what they do to enact real change

    Healthcare investing is ‘not for the faint-hearted’

    An ageing population coupled with government budgetary constraints provide strong fundamentals. But while infra investors might be better custodians than PE, we find they should do a thorough check-up before diving in.

    Three things you should know about cyber-risk management

    Protecting your firm’s information and data from thieves is important, and being prepared means having a plan in place.

    Spain’s carrot-and-stick approach will fail to convince investors

    The country’s desire ‘to send a positive signal’ to renewable investors would be far more effective if it stopped trying to battle compensation awards from its past

    Australia’s inconsistent interventions could have severe consequences

    The country’s regulators have stepped in again to criticise privatisation processes – but singling out private investors while governments escape censure is bad for everyone.

    We need more Gatwicks in 2019

    As GIP cedes majority control to VINCI Airports, it is handing over an asset that is demonstrably better than the airport it acquired a decade ago.

    Re-aligning UBS

    The head of infrastructure has been in the driving seat for two years, trying to bring the asset manager closer to its investors. Halfway to its $10bn AUM target, we find out how he’s doing.

    Asian investors are ‘hungry for returns’

    Japanese and Korean investors are looking to new strategies for higher returns, but the two countries have very different attitudes to risk.

    Wanted: ESG credentials for infrastructure

    Vehicles operating in the space are increasingly targeting sustainable projects due to LP demand and goals set by the United Nations.

    M&G: In search of relative value

    John Mayhew, head of infrastructure debt at M&G, explains why it is important to maintain investment discipline at this point in the cycle, in order to preserve returns over the long term.

    Keep calm and stay disciplined

    Risks are increasing as the late stage of the credit cycle hits and fund managers broaden their horizons. Here are the five main challenges.

    Where now for infrastructure debt?

    There’s a wealth of interest in the asset class but leverage creep, differing expectations and the spectre of a downturn are creating challenges, six industry experts explain.

    Schroders: Why infra debt is a good bet as we near the top of the market

    Charles Dupont and Claire Smith, from Schroders, discuss the importance of disciplined deal sourcing, the rise of junior debt and why Brexit could herald exciting opportunities.

    The world’s 10 largest infra debt managers

    As infrastructure debt continues its steady growth, fundraising among the asset class’s most elite firms nears $60bn.

    Infra debt: Four key markets to watch in 2019

    With uncertainty unlikely to disappear and signs that a market correction may be upon us, Aviva Investors head of infrastructure debt Darryl Murphy zeroes in on where deaflow can be found.