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China’s deleveraging creates opportunity for foreign capital

China’s recent efforts to reduce its economy’s addiction to debt have brought more infrastructure assets to market and slowed down domestic competition, several analysts and investors say.
container terminal

Macquarie secures 20 years of shipping business after $1.8bn deal

A minimum-volume commitment for an Asian shipping company to use the Long Beach Container Terminal in California ‘implies’ a 12x EBITDA margin over 20 years, a source said.

Why GPIF’s Hiro wants better alignment, not lower fees

Hiromichi Mizuno was tasked with guiding the world's largest pension fund into alternatives. He tells PEI what he learned in his four-year tenure.

Ping An launches infra fund-of-funds strategy with ‘top-quality’ seed assets

European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.

China Everbright lowers overseas infra fund target

A preference for debt products among Chinese investors has forced the private equity firm to reduce the target size of its debut infra fund from $1bn to $600m.

Chinese interest in Australian renewables remains strong

Outside renewables, Chinese investors acquired no Australian infrastructure in 2018, the only deal being a buyout of engineering firm RCR Tomlinson’s rail arm.

China’s CICC mulls $7.5bn fund to buy assets from cash-strapped local authorities – exclusive

Investment bank aims to raise capital from public and private Chinese corporates and funds of funds, but does not rule out foreign participation.

Future Fund chair warns of risks to SWFs from rising populism

Peter Costello said partnerships with local investors, but also greater transparency on the part of sovereign funds is the way forward.

China’s Belt and Road Initiative evolves but concerns remain

Moody´s warns about the lack of transparency and the possible impact of a debt burden on member countries.

CITIC’s Xinjin to launch $3bn data centre-focused fund

The asset manager expects demand for data centres in China to be strong thanks to 5G and IoT technologies.
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