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Australian fund manager ICG took ownership of Tas Gas and other utility businesses operated by Enwave in a A$420m deal.
Troy Rieck, the superfund’s newly appointed CIO, talks fees, an increase in co-investments and debt commitments, and why he ‘doesn’t care’ about the definition of infra – as long as it’s a good investment.
Sydney Metro NSW Australia
The change in ownership comes as the PPP consortium reached contractual close with the NSW state government on an extension of the project.
Port of Newcastle’s private equity owners face challenges on two fronts as the ACCC appeals a decision over access charging and a port customer files a lawsuit over misuse of market power.
Australian infra head Michael Hanna says the capex spend - 'one of the biggest across the Australian economy over the next decade' - is ‘very appealing’ due to high valuations for core infra.
The fund will target renewables in UK and Europe, as well as eyeing assets in Australia.
The 6% annual returns JPMorgan AM predicts infrastructure equity will generate over the next decade, will ‘offset a lot of the pain that will at some point come’.
As the rulemaker for Australia’s electricity market indicates it will not get rid of marginal loss factors, what effect is this likely to have on investment? And is the regulator’s position likely to change before its final ruling in January 2020?
Data centre
‘Emerging areas like data management’ could be classified as critical infrastructure, Australian federal treasurer Josh Frydenberg said during a speech on the rise of China.
The appointment comes less than two months after Dylan Foo resigned as AMP Capital’s head of infrastructure equity in the Americas and was succeeded by Simon Ellis.
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