Institutional Investing in Infrastructure
February 1, 2015: Vol. 8, Number 2Buy For $0.00 Add to Cart
Sovereign interest: Sovereign wealth fund CEOs, such as Mike Burns of the Alaska Permanent Fund, are exploring infrastructure investments
Sovereign wealth funds have earned outsized attention in recent years for their large, often aggressive, private equity deals. They have certainly had solid growth but are still a relatively small portion of the institutional universe, and as they increasingly focus on infrastructure, they are drawing similar attention.
Through traffic: The London Crossrail project demonstrates how infrastructure can reshape real estate dynamics in a city
With 40 stations linking Reading in the west through London’s city center and out to Essex in the east, the Crossrail project is transforming the real estate landscape around the British capital. The boom in projects along the line demonstrates the transformative powers of infrastructure investment, and the project will be a yardstick for western nations when they consider upgrading their own transport networks.
Lessons for investors and policymakers: An excerpt from Institutional Investment in Infrastructure in Emerging Markets and Developing Economies
The following article is the first of several excerpts that will appear in I3 from Institutional Investment in Infrastructure in Emerging Markets and Developing Economies,a report commissioned by the World Bank and the Public-Private Infrastructure Advisory reviewing the role of institutional investors in financing infrastructure in emerging markets and developing economies.
The latest evangelist in infrastructure investing: The leading pension fund manager in Quebec continues the trend toward investor-led infrastructure investing
It’s probably not news to anyone who reads I3 that Quebec’s leading public pension fund manager — Caisse de dépôt et placement du Québec — is the latest in a string of Canadian retirement systems to flex its investment management prowess. The C$215 billion Caisse de dépôt just signed a deal with the Quebec government to jointly invest in and operate infrastructure assets. Not only that, it plans to double its infrastructure portfolio to more than $16 billion during the next four to five years.
Energy mega-funds complete capital closings
A number of energy-focused funds aiming to raise more than $1 billion each have reached fundraising closes of various stages.
The following is a review of third and fourth quarter 2014 research notes by Moody’s Investors Service and Standard & Poor’s.