Debt

The two investors are sharing the equity on a 60-40 split for the 36MW facility south of Perth.

The vehicle will be targeting senior debt for greenfield and brownfield projects in investment-grade countries, as well as developing markets through credit enhancement.

Increased competition for the Peninsula Link deal drove the country’s four big banks to agree 10-year loans, pushing beyond their preferred five-year terms.

The firm’s second debt vehicle has exceeded its €700m target following commitments from European and Asian LPs.

The vehicle will deploy $15m-$40m per transaction.

The Austrian outfit has secured a first close of €190m from five investors, the proceeds of which have already been invested.

Westbourne Capital was one of the first pure-play infrastructure-debt managers when it was founded by a trio of former Hastings executives. On its 10th anniversary, founder and managing director David Ridley talks about increasing competition, LP appetite and what the future holds.

The infrastructure debt manager aims to complete fundraising for its $3bn vehicle by the end of 2018 with a mixture of existing and new clients from Australia and overseas on board.

Global Infrastructure Partners has acquired a 50 percent stake in the 1.2GW Hornsea 1 project – billed as the “world’s largest offshore wind farm” – from Danish developer Orsted for a total price tag of £4.46 billion ($5.86 billion; €5.02 billion). The deal covers GIP’s acquisition of a stake in the project – which was […]

Infrastructure debt has raised significant funds in recent years but has failed to take off in 2018.