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Hot market cools sovereign funds’ appetite for infra

Intense competition, high valuations and regulatory uncertainty have led SWFs to shift from infrastructure to public equities – at least in developed markets, a new report finds.

Defaulting on commitments: what happens

When an LP can't meet a drawdown request, what happens? What recourse does a GP have? Ed Hall from law firm Goodwin analyzes the remedy and negotiation points in this extract from The LPA Anatomised.

One Belt One Road not a ‘fountain of easy money’

Panellists at the Belt and Road Summit in Hong Kong addressed the risks associated with China’s landmark initiative, sounding the alarm over opportunistic behaviour, unsustainable debt and ignoring ESG factors.

Sweden to relax rules on unlisted investments for state pensions

The country’s four AP funds are one step closer to gaining more flexibility when investing in private markets.

Playing the long game on transparency

Some GPs are opting to bypass pensions that demand disclosures around fees and expenses, but they may find LPs have long memories.

New Zealand launches procurement for Auckland light rail

An unsolicited offer from NZ Super Fund, which has teamed up with CDPQ Infra, has led the government to formally launch a DBFO procurement process for the $830m scheme.

Seoul Summit: South Korean LPs turned off by dollar assets

The country’s institutional investors will increase infrastructure allocations this year, but currency risk is steering them away from US investments.

Data security more important than returns for LPs

Reliable data security measures are more important than returns or fee alignment to LPs, according to the annual CFA survey on investor trust.

Global Summit: definitions ‘slowing growth of infra debt’

The categorisation of infrastructure is more down to the returns generated, delegates in Berlin heard.
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