Home Direct investment

Direct investment

Australia’s Cbus makes first direct infra investment

The super fund is paying around $77m to acquire a stake in Bright Energy Investments, a 210MW portfolio of wind and solar assets in West Australia.

Pension trio inject €1bn into Globalvia

The investment by PGGM, OPTrust and USS comes two-and-a-half years after their €420m acquisition of the toll road operator.

Global Summit: MIRA sees ‘very strong’ co-investment in core assets

Senior managing director Phil Peters said MIRA’s limited partners typically want co-investments in core infrastructure assets.

OPTrust takes 51% stake in Australian energy retailer

The investment will allow Flow Power to expand its Melbourne headquarters and establish a presence in Sydney, Adelaide and Brisbane. Flow Power was the first Australian retailer to offer corporate renewable power purchase agreements in the Australian market.

Nomura braced for Southeast Asia infra boom

The Japanese bank has noted increased demand from high-net-worth players as they seek ‘growth, not just yield’ across the region.

CPPIB buys $144m stake in Indian power firm

The Canadian pension has bought a 6.3% share in ReNew Power, and further investment in the company is expected. Last autumn, in a filing with the Competition Commission of India, CPPIB reported that it plans to buy a 16.3% stake in ReNew Power through investments of up to $350m.

PSP to partner Blue Sky for Australian real assets

The pension will work with the fund manager to deploy capital across the country with a long-term view.

Malaysian pension fund enters 365MW UK solar portfolio

KWAP buys a 45% stake for £67.5m from EFG Hermes, which will continue to hold a 5% interest as it targets further investments in emerging market renewables.

Tiger backs fibre-optic developer planning US-Canada link

The US-based fund manager has invested in Crosslake Fibre, a company building a cable system connecting Toronto and Buffalo, New York.

LPs warm to fundless co-investments

One-third of limited partners are willing to pay for deals where they are not an existing fund investor, according to a survey by Asante Capital Group.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination