Bruno Alves
With multiple billions transacted this year alone, we look into why dedicated digital infra GPs are still relatively few.
With managers increasingly putting pressure on investors to enter the carry early, Threadmark partner Patricia Wilkinson and Infrastructure Investor, PERE and Private Equity International senior editors Bruno Alves, Jonathan Brasse and Toby Mitchenall look across asset classes to find out whether the status quo really is changing.
The semi-open-ended vehicle, targeting UK defined benefit schemes, is aiming for a 5% net annual yield through investments in infrastructure debt, renewable energy, real estate debt and other alternative investments.
European Long-Term Investment Funds will target unlisted assets across the European Union and hope to appeal to institutional and retail investors alike.
The French insurer intends to invest that sum over the next five years and has appointed Charles Dupont to build a dedicated infrastructure debt team to be part of AXA Real Estate.
The real estate investment and advisory group has acquired nine service stations from a special purpose vehicle formerly controlled by property tycoon Robert Tchenguiz.
La Banque Postale Asset Management (LBPAM) has raised €500 million in a first close for a debut hybrid infrastructure and real estate debt fund.
PensionDanmark, PKA and Sampension – three of Denmark’s largest pensions – have teamed up with real estate firm DEAS and developer MT Hojgaard to invest up to €670m in Danish PPPs.
Philippe Benaroya, Chris Wrenn and Gilles Lengaigne – who worked together at Blackstone/GSO for over 10 years – are launching BlackRock’s European infrastructure debt Investment unit in London. The team will target investment grade infrastructure debt investments for insurers and other investors.
Deutsche Bank's year-long, aborted sale of RREEF has taken its toll on the asset manager's second infrastructure fund. The fund is now going back to the drawing board, to be relaunched in 2013.