Strategy

The deal marks the French firm’s first investment in the Latin American transportation sector and the first in the region for the $800 million Ardian Americas Infrastructure Fund IV.

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

The deal comes as the French firm is raising its fourth flagship infrastructure fund.

Three high-profile firms have recently launched fundraises that will focus exclusively on the sector, underlining a growing trend in the asset class.

The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.

Going direct is well-suited to infrastructure. But anyone looking to do it will have to tackle tough questions around compensation and transparency.

CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.

With a first close equalling its predecessor’s final close, the manager's fourth flagship infrastructure fund is ‘on pace’ to be its largest infra vehicle.

Investors are looking at value-add and infra-like strategies, as they look to diversify across geographies, vintages and managers.

The Toronto-based fund manager is looking to make up to $2bn from selling assets, and views data infrastructure as a promising area for investment.