Home Authors Posts by Cezary Podkul

Cezary Podkul

The Boston-based energy investor has indicated in a regulatory filing that it has raised that much for its latest fund, which is targeting $2bn in total commitments.
The $5.1bn San Diego City Employees’ Retirement System is searching for a consultant to roll out its 3% allocation to infrastructure, which translates to about $150m for the asset class.
The firm has hired former Goldman executive Tim Vincent ahead of an expected final close on its infrastructure fund on more than $1bn.
The asset class is seeing funds come to market with dedicated allocations to secondaries, such as funds-of-funds recently closed by Partners Group and Pantheon. A €500m block of infrastructure fund interests currently up for sale also indicates dealflow is picking up sharply.
The mid-market firm had expected US stimulus dollars would boost its investment in D.S. Brown but saw 'very little benefit' from the stimulus. Still, revenues rose 35% over its investment period.
Private equity firms have a role to play in infrastructure. They might just have to tweak some of the ways they do business, argues Cezary Podkul.
CalPERS wants to build its infrastructure portfolio with 'like-minded partners', according to Christine Yokan, portfolio manager at the $226.3bn pension.
Senior managing directors Michael Dorrell (pictured) and Trent Vichie will form an independent shop that will continue fundraising and retain about $400m in existing commitments.
The portfolio returned 26.7% in 2010, beating every other asset class. La Caisse de Dépôt et Placement du Québec also cut C$6.7bn of debt from infrastructure and private equity in 2010.
Richard Anthony, head of Evercore Partners Private Funds Group, believes many fund managers will have to slash their fundraising targets.

Copyright PEI Media

Not for publication, email or dissemination