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North America

Brookfield and GIP’s latest funds can hang comfortably with PE’s big boys. But despite infra’s long-term credentials, it’s PE firms that are amassing the largest amounts of perpetual capital.
The firm’s fourth flagship vehicle exceeded its $17bn target and is already 40% deployed, with $3.6bn invested in digital infrastructure.
The US firm has been preparing for the new strategy since last May when it hired former BlackRock infrastructure debt chief Erik Savi.
The twin spans of the Blue Water Bridges international crossing between the cities of Port Huron, Michigan and Sarnia, Ontario is one of the busiest border crossings between Canada and the United States.
In the third instalment of our Deep Dive into PPPs, we look at North America and find the private sector has to help the model transition to a more developer-owned or managed scheme.
Future of PPPs
Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
pipes
The New Jersey-based firm missed its target by $1.7bn but reported billions of dollars in co-investment opportunities for a North America-focused strategy.
The US presidential candidate unveiled a ‘community-driven’ plan that would encourage local governments to fix existing infrastructure and invest in major, long-term projects.
Wallace is replacing Blake Hutcheson, as he transitions to chief executive of the C$97bn Canadian pension fund, according to an internal memo.
Airplane
But interest from the private sector was strong with 18 firms expressing interest in operating Lambert airport under a PPP agreement that would have generated $2bn in net proceeds for the city.
container terminal
Firms are showing that capitalising on bad trade news today could lead to valuable dividends in the future.
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