Canada

Plenary Americas’ senior management will retain a minority equity stake in the business, while CDPQ will take a near-90% interest in the PPP portfolio.

The local government rejected plans by Britain’s ninth busiest airport to grow its passenger limit from 10 million to 12 million on environmental grounds.

The firm’s fourth flagship vehicle exceeded its $17bn target and is already 40% deployed, with $3.6bn invested in digital infrastructure.

In the third instalment of our Deep Dive into PPPs, we look at North America and find the private sector has to help the model transition to a more developer-owned or managed scheme.

Wallace is replacing Blake Hutcheson, as he transitions to chief executive of the C$97bn Canadian pension fund, according to an internal memo.

The change in ownership comes as the PPP consortium reached contractual close with the NSW state government on an extension of the project.

The Montreal-based firm has made its first investment through the fund, backing a Greek solar farm with a long-term off-take agreement.

Andrew Claerhout is joining the NY-based private equity firm, which has exposure to telecoms and digital infrastructure, as it looks to launch a broader infra strategy.

Pickett will report to Stephen Dowd, the firm’s global head of infrastructure, who also worked at Ontario Teachers’ Pension Plan.

Northleaf ranked 21st in the latest SI 30, having raised $2.38bn between January 2014 and June 2019. Sister publication Secondaries Investor caught up with managing director Michael Flood to discuss the firm’s recent $1bn raise and competition in the mid-market.