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For the first time in nearly two decades, growth in new capacity has stalled. We examine why and look at whether the freeze is expected to last.
Once fundraising kicks off, CGN’s private equity arm and the infra-focused investment firm will look to divest the portfolio of their first renewables vehicle, the 2015-vintage CGN Capital Partners Infrastructure Fund III.
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
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.
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.
European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.
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.
Outside renewables, Chinese investors acquired no Australian infrastructure in 2018, the only deal being a buyout of engineering firm RCR Tomlinson’s rail arm.
Investment bank aims to raise capital from public and private Chinese corporates and funds of funds, but does not rule out foreign participation.
Peter Costello said partnerships with local investors, but also greater transparency on the part of sovereign funds is the way forward.
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