Ports

The sovereign-backed manager seeks to raise a total of $3.5bn for Fund II, with $1bn in co-investment rights also up for grabs before the final close.

The decision will ‘increase flexibility’ and help secure best value for money, said chair Greg Combet.

UK Infrastructure Bank’s successor is bigger, more ambitious and expects some projects to fail, says Ian Brown, head of banking and investments at NWF.

The Infrastructure Fund is facing a large redemption queue as merging Australian superfunds seek to rebalance portfolios.

The GP partnered with Spirit Super, after the latter’s failed bid to acquire the Australian bulk port alongside Palisade Investment Partners.

The bill passed by the NSW legislative assembly will lift restrictions on traffic at the Port of Newcastle that potentially required penalty payments to NSW Ports.

The consortium has walked away from the acquisition of the major port as a result of the Australian Competition and Consumer Commission’s competition concerns regarding the deal.

The Australian government’s willingness to undercut the Chinese-owned asset by funding upgraded port facilities nearby shows a lack of joined-up thinking.

The pandemic has caused severe disruptions to the global supply chain, but ports have proven resilient in what has been described as the biggest crisis since the start of container shipping, writes Alastair O’Dell.

The Australian bulk port, put on the market last year by Brookfield and State Super, represented a ‘rare’ opportunity, Palisade Investment Partners’ Alastair Pollock says.