Institutional Investing in Infrastructure
March 2012: Vol. 5, Number 3
The Money Talks, Part IV: Big and Small Investors Look at Asset Allocation and Portfolio Construction
The I3 Editorial Advisory Board meeting is a forum for investors, consultants, investment managers and guests to communicate their expectations, challenges and concerns with respect to infrastructure investing. The process helps these groups communicate and work together to achieve their goals and objectives, providing a platform to share experience as well as help drive the editorial content for the I3 publication. The board meeting includes eight hours of discussions, quick tally votes on topics of interest and opportunities to build stronger relationships. This is the fourth part of a review of the board meeting discussions that took place Nov. 9–10, 2011, in Chicago.
Investing in Infrastructure: Direct Investment in Infrastructure Has Advantages as Well as Drawbacks
The private sector has become increasingly active in infrastructure investment due, in part, to budget constraints limiting the traditional governmental source of capital. Some of the largest institutional investors in the United States have recently announced that they will increase their allocation to infrastructure investments.
Shop Talk: A Conversation with Michael Likosky
Michael Likosky directs the Center on Law & Public Finance and is senior fellow at New York University’s Institute for Public Knowledge. He has written five books, including three with Cambridge University Press, most recently Obama’s Bank: Financing a Durable New Deal,and advises government officials, leading investors, major firms, labor unions and others on infrastructure policy and investment. Institutional Investing in Infrastructurecontributing editor Tyson Freeman spoke to Likosky about the U.S. infrastructure market and in particular the progress of the P3 model and possibilities for a U.S. Infrastructure Bank
AMP Debt Fund Completes Fourth Close
AMP Capital's AMP Capital Infrastructure Debt Fund has secured its first U.S. investor and completed its fourth close, raising €326 million ($435 million) from 21 institutional investors in Japan, the United States, the United Kingdom, Australia and Hong Kong.
Fengate Fund Raises $600 Million
Fengate Capital Management Ltd. has raised more than $600 million of equity capital for Canadian infrastructure investment with the recent closing of two funds, Fengate Greenfield Infrastructure Fund and Fengate Infrastructure Fund VI.
CPPIB Hires Newly Formed VSG Capital
The C$153 billion ($155 billion) Canada Pension Plan Investment Board (CPPIB) has retained VSG Capital Advisors, a new firm formed by investment banker Vikram Gandhi, as senior advisers.