Selling today means giving up the potential for future income and value growth. But a partial divestment offers access to liquidity and the ability to demonstrate value creation, without the pitfalls of a full exit or raising debt, says RealPort CIO Jon Boles
University of Wollongong exercises right to buy back accommodation units early, resulting in its withdrawal from the process and prompting asset manager to reconsider the portfolio sale.
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.
The airport is jointly held by its MEIF1 and MEIF3 funds alongside the Belgian government and OTPP, with the latter believed not to be among the bidders.
The sale of Indigo Pipelines is the first exit from Scottish Equity Partners’ Environmental Capital Fund, which raised $176m in 2014, targeting a 14% IRR.