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Stonepeak launches Fund IV targeting $10bn – exclusive

The New York-based firm has also brought back its former head of investor relations, Brenden Woods, who left last December to join Macquarie Infrastructure & Real Assets.
Container freight train

First State debuts in US with rail acquisition

The North American division of Australia’s Colonial First State plans to grow the short-line rail business of Patriot Rail and Ports.
risk allocation

Competition and bad risk allocation threaten to implode PPPs

SNC-Lavalin and Skanska have decided to stop bidding for such projects. If other developers follow their example, the entire procurement model might be at risk.
Battery pack

Quinbrook’s GlidePath to add batteries to Texas wind farms

The energy storage developer is building out battery systems in a part of the US with historically consistent wind resources.

Denver pulls the plug on Ferrovial-led airport PPP

A dispute involving cost overruns, delays and 'weak' concrete has derailed the Great Hall PPP project at Denver International Airport.

Completion risk drives contractors away from PPPs

Wariness of fixed-price public-private partnerships could have wider implications since ‘a healthy PPP market needs a healthy construction sector’, warns market expert.

Brookfield’s new ‘super-core’ fund collects $1.6bn so far

The open-ended fund launched last year offers investors long-term exposure to assets that do not generate as high returns as the firm’s flagship fund series.
Water tap

Carlyle to tap US water sector in deploying infra fund

The DC-based firm has entered a partnership that is shortlisted to develop a new wastewater facility in Oregon.
Wind farm Western Australia

US wind industry nears 100GW milestone

Production tax credits for the US wind industry are set to expire at the end of the year, but research predicts this is unlikely to stop new projects from being built.

Why LPs are upping the ante on fee verification

A number of factors are pushing investors to seek outside help in sifting through their fees, expenses and carried interest payments.
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