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Three investors join PSP in ‘Brexit-insulated’ Forth Ports investment

Patrick Samson, the Canadian pension's head of infrastructure, tells us he doesn't exclude some 'bumps related to Brexit', but is bullish on the long term, as GLIL Infrastructure, First State Super and Cbus join the deal.

Mexico toll road deal underscores transport sector’s strong appeal

Two Canadian pensions funds have invested in Pacifico Sur, a 309-kilometer Mexican toll road that is poised to benefit from increased regional trade as well as tourism-driven light traffic, underscoring the attractiveness of transportation assets in growth markets  for long-term institutional investors. The Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan together purchased […]

Korea’s POBA seeks infra partnership with global pension funds

CIO tells Infrastructure Investor it wants to grow its exposure to the asset class from 5% to 10% of its AUM within five years.

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 […]

UK pension closes in on $48m JPMorgan investment

Ealing is performing due diligence on its maiden infra investment and could join a string of UK schemes that have already committed to the open-ended vehicle.

Pension funds battle over Spanish toll roads in €1.3bn tug of war

APG and Corsair Capital have claimed victory in their bid for Itínere, although Globalvia insists its accepted bid in July remains valid.

IFM gives 7.5% fee rebate to clients and challenges rivals to follow suit

Institutional clients will receive ‘tens of millions’ of dollars as the majority of the fund manager’s investments meet or outperform objectives.

Australian competition watchdog clears Transurban’s WestConnex bid

The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.

ATP’s infra returns more than double despite ‘difficult H1’

The Danish pension scheme’s half-year activities included joining a $6.7bn Macquarie-led ticket to buy telecoms group TDC.

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