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The manager’s Community Infrastructure Fund has acquired the remaining 50 percent it did not already own of Riverland Water, a company in which it first invested in 1996.
CGN Private Equity is getting 20%-plus returns from operating renewable assets, but CEO Raymond Fung warns there’s only a five-to-seven-year window before these assets get commoditised and Chinese capital catches on to the opportunity.
The Chinese fund manager is acquiring Boreal Group, which saw EBITDA growth of 285% during Cube’s seven-year ownership.
The Cathay Smart Energy Fund has a $250m target and will invest in emerging technologies, including energy storage and low carbon assets in China.
While infra investors shouldn’t expect a repeat of the $5bn Equis Energy deal any time soon, they can look forward to a wealth of renewables opportunities. Each market poses its own challenges, though.
Infrastructure is not the only asset class bearing the brunt of Australia’s latest tightening of foreign investment rules. We ask Matthieu Favas, editor of sister publication Agri Investor, to explain how farmland is being affected.
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