The firm recognized A$417m of write downs across all its managed funds and still has unrealised losses of A$1.15bn across its 14 listed funds, many of which focus on infrastructure and real estate. It also raised A$540m of new capital in Australia, despite indications in February that it had no near-term plans to seek new capital.
2 min read · 05 January 2013
The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.
2 min read · 05 January 2013
The infrastructure fund will take a 40% preferred equity interest an an ArcLight-backed owner and developer of renewable power plants – a structure that will help the firm avoid greenfield risk and give it access to an operational portfolio of wind, solar and geothermal power assets.
2 min read · 05 January 2013
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
5 min read · 05 January 2013
Thanks to a C$227.5m recapitalisation of the Dokie Wind Project in British Columbia, the first phase of the 300 megawatt wind farm will resume construction. Work halted on Dokie last year after now-bankrupt developer EarthFirst Canada could not finance the project.
3 min read · 05 January 2013
The renewable energy-focused firm will invest its Renewable Energy Asia Fund in wind, small hydro, biomass and solar power opportunities.
1 min read · 05 January 2013
The emerging markets-focused private equity firm, which in October closed on $750m for its second infrastructure fund, may drop the word ‘infrastructure’ from future funds, Actis chief executive officer Paul Fletcher said in an interview.
3 min read · 05 January 2013
Michael Nobrega also said at a speech in New York that the 2-and-20 compensation model no longer works and active infrastructure investing is the wave of the future. He urged pensions to make allocations to the asset class and to make them large enough to invest in big-ticket assets.
3 min read · 05 January 2013
Former department of transportation chief of staff John Flaherty told conference delegates in New York that the market has not done a good job of ‘charting a political path to victory’ in US deals.
2 min read · 05 January 2013
John Flaherty told delegates gathered at the Public Private Partnerships USA Summit in Washington, DC that there has never been a more important time for them to be involved in the debate about private investment in infrastructure and urged them to make their voices heard.
2 min read · 05 January 2013
