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Can infrastructure finance continue expanding?

Mar Beltran of S&P Global Ratings argues infrastructure credit is not only growing, but becoming more robust, although the number of speculative-grade ratings has been on the rise.

The enduring power of moving people and goods

Interregional trade and US airports are giving life to the North American transportation sector at a time when capital is flooding the market.

Carlyle to lead $12bn modernisation of New York’s JFK

The Carlyle Group will lead a consortium of private investors financing a $12 billion redevelopment of New York’s John F Kennedy International Airport, according to a plan unveiled by state governor Andrew Cuomo. Carlyle, a US-based private equity firm, is part of the Terminal One Team chosen by the Port Authority of New York and […]

Alaska SWF’s transport bet drives double-digit infra returns

The $66bn Permanent Fund Corporation has just committed to Morgan Stanley’s new India fund and co-invested alongside the manager in the North American midstream sector.

Probitas: wall of capital drives appetite for value-added funds

Too much money entering the market is now the number one investor concern, according to the San Francisco-based placement agent. We bring you seven slides showing the rise of value-added funds.

IMRF seeks infra manager after dropping Oaktree commitment

The Illinois Municipal Retirement Fund is seeking a closed-end infrastructure fund manager to allocate an up to $25 million mandate, following the decision last month to not pursue a commitment with Oaktree Capital Management. Bids must come from fund managers offering investment strategies targeting at least two sectors – including transportation, utilities, energy, renewables, waste […]

Ex-CalPERS exec returns as pension’s new CIO

The California Public Employees’ Retirement System has hired Yu Ben Meng as chief investment officer, four months after Ted Eliopoulos said he would be stepping down from the $360 billion pension fund. Meng, a US citizen born in China, worked at CalPERS for seven years, his last role being that of investment director of asset […]

Westbourne Capital hits $1.5bn first close on latest infra debt-raising – exclusive

The infrastructure debt manager aims to complete fundraising for its $3bn vehicle by the end of 2018 with a mixture of existing and new clients from Australia and overseas on board.

Stonepeak increases Fund III GP commitment with $350m Landmark deal

Landmark Partners, a Connecticut-based secondaries firm, made a $350 million preferred-equity investment in Stonepeak Infrastructure Partners, according to an internal memo seen by Infrastructure Investor. Stonepeak co-founders Mike Dorrell and Trent Vichie sent the memo to limited partners of the firm’s third infrastructure fund, which closed in July on $7.2 billion, letting them know an […]

Natixis expands infra platform with new Americas hire

Natixis has hired Nasir Khan as its head of infrastructure for the Americas as the French investment bank looks to capitalise on strong growth in both North and Latin American markets. Khan will lead a group of financiers looking to capitalise on an infrastructure sector in North America that is opening to private investment and […]

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