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Martin Lennon, co-founder and head of Infracapital, says that greenfield projects, if managed correctly, can be a better bet for institutions than more tightly priced brownfield assets.
beijing skyline at dusk
The Chinese investment bank's first fund closed the acquisition of a 7.16 percent stake in the Jinan-Qingdao high-speed railway line in October.
The new fund has a target IRR of 5% and already owns a portfolio of 12 assets purchased from a previously liquidated SPARX fund.

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