Australia

The US-based private equity firm is said to ‘like’ the strategy John Laing’s recently-appointed CEO implemented, and believes it can grow the company faster under private ownership.

The Australian federal government has requested a review of the long-term lease of the Port of Darwin to China’s Landbridge Group, in light of critical infra laws passed in 2018.

Tony Togher, who will lead the strategy, said the new platform’s focus on sustainable debt was partly in response to strong client demand.

The government’s superannuation reforms, which were heavily criticised in some quarters for using crude benchmarks, will use MSCI’s unlisted benchmarks after industry consultation.

MIRA is set to take over 100% of the waste management and recycling firm, with CPE Capital no longer in the running.

A CEO for the new unit is being sought, as parent AMP Ltd says the demerger and ASX listing would ‘unlock further value’ in AMP Capital’s infra and real estate businesses.

In a shift in strategy since its rebrand, Aware Super is ‘not really focused’ on supporting new fund managers or blind-pool funds, senior portfolio manager Mark Hector says.

The Lucky Bay shallow-water port, operational since mid-2020, could list in late 2023 following a capital raise to fund expansion and repay construction debt.

All Chinese investors were essentially classed as sovereign capital by the government last year, sources say, but the stance may be softening in 2021.