Institutional Investing in Infrastructure
September 2012: Vol. 5, Number 8Buy For $175.00 Add to Cart
Dreaming of Direct: The Realities of Direct Investing
It is tough to blame investors for being disillusioned with fund managers and the business models to date for infrastructure investing.
Shop Talk: A Conversation with Malcolm Bairstow
Each year, the Urban Land Institute (ULI) and Ernst & Young publish an analysis of global infrastructure markets. This year’s report — Infrastructure 2012: Spotlight on Leadership— focuses on the people and organizations that are using innovative approaches to solve infrastructure problems.
U.S. Department of Transportation Launches Historic Expansion of TIFIA
On July 27 U.S. Transportation Secretary Ray LaHood announced the availability of more than $16 billion in Transportation Infrastructure Finance and Innovation Act (TIFIA) credit assistance for critical infrastructure projects across the country as a result of the recently enacted surface transportation bill — MAP-21.
ADIA Completes Real Estate and Infrastructure Merger
In its 2011 annual review, the $627 billion Abu Dhabi Investment Authority (ADIA) announced that it has completed the merger of its real estate and infrastructure teams into a renamed Real Estate & Infrastructure Department.
Virginia Retirement System Makes First Infrastructure Commitments
The $53.1 billion Virginia Retirement System (VRS) has made two commitments to infrastructure totaling $450 million.
GIC Increases Infrastructure and Cash Allocations
The $100 billion Government of Singapore Investment Corp. (GIC) increased its holdings in private equity and infrastructure to 11 percent from 10 percent in the most recent fiscal year ending March 31, 2012, according to its 2011/2012 annual report.
Macquarie Raises $625 Million for Philippines Fund
Macquarie Infrastructure and Real Assets (MIRA), part of Macquarie Group, has completed a $625 million first and final close of the Philippine Investment Alliance for Infrastructure (PINAI), a fund dedicated to investment in the Philippines.
GIC and CIC Invest $1 Billion in U.S. LNG Export Plant
A consortium of the China Investment Corp. (CIC), The Blackstone Group, Government of Singapore Investment Corp. (GIC) and the Louisiana Teachers Retirement System has invested $1.5 billion in the development of Sabine Pass, Cheniere Energy Partners’ liquefied natural gas (LNG) export plant in western Cameron Parish, La., according to a report by Reuters.