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The investment firm has been moving towards this moment since acquiring GE Capital’s energy finance business and hiring an infrastructure debt specialist from Deutsche Bank.
Erik Savi’s exit is accelerating the combination of infrastructure and real estate debt into a single platform, a plan that was already in the works.
Following the success of its sterling-denominated fund that has raised £1bn to date, the London-based firm is launching a similar vehicle that will be available to the broader European market.
The Singapore-based real estate investment manager has made its first senior hire to lead its infrastructure investing activities in Asia.
Abertis, Alinda and Hochtief are all reportedly lining up to sell core infrastructure assets to capitalise on increased prices.
Stephen Dowd joined the Ontario Teachers’ Pension Plan after a career in banking. As head of an C$8.7bn portfolio dedicated to investing directly in infrastructure, he chatted with Chris Glynn about that enviable and distinctly Canadian innovation: managing a public pension like a private business.
The Swiss private markets group warns that excessive liquidity created by central banks has driven prices up – especially for auction-based cored infrastructure – as investors are ‘forced to hunt for yield’ in a low interest rate environment.
The two firms have mutually agreed to end exclusive negotiations on buying three parts of Deutsche Bank Asset Management's business put up for sale and focus solely on a possible sale of the bank’s global alternative asset management business, which includes real estate and infrastructure.
The Ontario Teachers’ Pension Plan said infrastructure generated a 7.7% gain last year. The pension fund grew its asset base to a staggering $117bn.
The Sydney-based bank is one of at least three firms vying to buy the businesses of Deutsche Bank Asset Management, which include RREEF Real Estate and RREEF Infrastructure. Second round bids are due next week.
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