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Exclusives
The first phase of the Mexico Pacific LNG export terminal, which Tortoise is investing in through a special purpose vehicle with AVAIO, is expected to begin construction next year.
The investment firm has been moving towards this moment since acquiring GE Capital’s energy finance business and hiring an infrastructure debt specialist from Deutsche Bank.
The move comes less than two weeks after the French fund manager announced its switch to a Benefit Corporation.
The debut infra vehicle is aiming to purchase two Australian transportation PPPs from the Japanese trading house by November.
Louisa Yeoman and Kate Campbell - who had been at AMP Capital since 2012 and 2014, respectively - are understood to be forming their own placement agent.
The New York-based firm has also brought back its former head of investor relations, Brenden Woods, who left last December to join Macquarie Infrastructure & Real Assets.
Nick Spencer joins the London-based infrastructure fund manager following nine years at the placement agent, as Arjun makes several new additions to its team.
The emerging markets specialist, which has raised a suite of energy funds, is targeting investments in power, transmission, generation and distribution assets.
The strategy, which typically targets returns of 8-12%, will follow the Swiss firm’s 2016 vintage which raised €2.2bn.
The fund is targeting $1.25bn and is expecting a first close between $700m and $900m.