Cezary Podkul
The Connecticut-based firm is raising its debut $1bn fund that will focus on core capital assets related to the transportation, industrial and energy sectors. Its founding partners previously focused on similar investments at Citigroup.
The troubled UK lender will no longer provide long-term project finance loans with durations of more than 15 years but it will continue to make such loans of 'appropriate length', according to people familiar with the matter.
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.
Losses of 19.5% in public markets and 13.7% percent in private equity were partially offset by gains of a 6% gain in real estate. The Canadian pension plan, one of the country’s largest, is now valued at C$44bn, versus C$52bn at the end of last year.
The $500m private equity fund will support the development of transport, energy and other infrastructure projects in the Latin American country. Ashmore, local partner Inverlink and technical adviser Macquarie have agreed to invest in the fund.
The Municipal and Infrastructure Assurance Corporation, capitalised by Macquarie at $75m as of September 2008, will be able to obtain its licenses to provide bond insurance in all US states and territories more quickly as part of a pilot licensing program.
The joint head of the firm’s North American social infrastructure and transportation group led the firm’s bidding for some of the most prominent asset sales in North America, including the Indiana Toll Road and the Pennsylvania Turnpike.
The $64bn of money allocated to infrastructure spending includes multiple pockets of discretionary spending that contractors and developers could compete for, lawyers at McKenna, Long and Aldridge explained to listeners during a conference call.
KKR's infrastructure fundraising poses challenges and opportunities for existing GPs in the infrastructure asset class, argues Cezary Podkul.
The struggling infrastructure specialist has a 13 person team in India, which it may wind down as it seeks to sells assets globally to repay the A$3.2bn it owes to a syndicate of 25 lenders.