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After a decade of investment in North America, some infrastructure LPs found the sector tied more closely to commodity risk than expected. Now, the coronavirus pandemic and Saudi oil price war could push them away for good.
Highly leveraged midstream companies are likely to default on loans, but natural gas, which has not seen commodity price volatility like oil has, is one bright spot.
IFM chief executive Brett Himbury says deals at such a large scale see ‘improved’ risk-return dynamics compared with others at a lower ticket.
The firm’s second infrastructure fund is targeting $1bn and has acquired a business aviation provider and a water infrastructure company servicing the midstream sector.
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There has been a structural shift in how LPs are allocating funds to energy-focused vehicles, moving away from upstream and paying closer attention to renewables and sustainable strategies.
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Private equity financial sponsors ‘take advantage’ of over-performance by paying themselves instead of repaying debt, according to a report from Standard & Poor’s.
Countries such as India, China, Japan and South Korea are aiming to attract private capital to the midstream and downstream space. But, challenges remain in some markets.
Firm shows continued bullishness towards India market by acquiring loss-making asset that connects gas reserves off east coast with urban centres in west.
The Abu Dhabi National Oil Company believes the deal ‘is laying the groundwork’ for further infrastructure investment by institutional investors.
EQT made the last investment from its €4 billion third infrastructure fund in a US midstream business. The news comes as its fourth fundraise, targeting as much as €9 billion, looks to wrap up in the next couple of months, a source familiar with the matter said. Kodiak Gas Services, a Houston-based midstream company, is […]
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