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First State Super: ‘We can’t hide behind our managers’

The $67bn Australian superannuation fund has pursued a hybrid investment strategy since appointing Mark Hector as portfolio manager in 2014. After deploying its largest equity cheque, we find out what the future holds.

Australia’s political uncertainty eats away at investor appetite

A survey of 33 global investors is a ‘canary in the mine shaft’ for investor confidence in the Australian infrastructure market.

DIF and Macquarie Capital commit $196m to Australia’s first ‘large-scale’ EfW project

The two investors are sharing the equity on a 60-40 split for the 36MW facility south of Perth.

What do LPs think about infra-like assets? Hostplus is open to recommendations

CIO Sam Sicilia says the superannuation fund will consider non-core and infra-like assets, but only on a case-by-case basis.

BlackRock targets APAC renewables creating new role – exclusive

The fund manager expects to commit at least $5 billion to assets in the region, its newly appointed head of renewable power in Asia-Pacific says.

AMP Capital hits $1.6bn first close on Global Infra Fund II – exclusive

The Australian manager takes a big step towards its $3bn target amid a record year for fundraising.

Partners-backed Sapphire Wind Farm secures PPA for 20% of output

Wholesale energy retailer Flow Power will purchase 50MW of Sapphire’s 270MW capacity per year on a ‘10- to 12-year’ power-purchase agreement.

Australia revives reliability component of National Energy Guarantee

The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.

Australian banks participate in 10-year debt facility on Melbourne road PPP refinancing

Increased competition for the Peninsula Link deal drove the country’s four big banks to agree 10-year loans, pushing beyond their preferred five-year terms.

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