Matthew Day, formerly a vice president in the industrials group at Macquarie Capital Advisors in New York, has founded Black Opal Equity to make investments in US companies that service infrastructure.
2 min read · 05 January 2013
More infrastructure funds are expressing interest in the sector, accounting for 15% of all transportation deal activity in 2008 versus just 6% in 2007, according to an industry report by BMO Capital Markets.
2 min read · 05 January 2013
New World Capital's founding principal, Lou Schick, was a senior scientist at GE's global research division.
1 min read · 05 January 2013
Matthew Rose, head of the second largest freight railroad in the US, also believes that private equity firms cannot provide a more attractive cost of capital to railroad assets once they buy them.
1 min read · 05 January 2013
The $200bn pension’s senior portfolio manager for infrastructure now has two additional portfolio managers under him, Christine Yokan and Todd Lapenna.
2 min read · 05 January 2013
US pensions are looking to educate themselves about infrastructure asset managers – the best sign yet that they may yet follow Australian superannuation funds in fueling the growth of the asset class in a big way.
3 min read · 05 January 2013
An infrastructure firm called Emerald Infrastructure, raising a €750m fund, has told the SEC it is checking to see if its placement agent paid any external marketers.
2 min read · 05 January 2013
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.
3 min read · 05 January 2013
Placement agent Probitas Partners estimates the ‘anemic’ first quarter total partly reflects the glut of first-time fund managers in the market, but limited partners are still favorably predisposed to the asset class and may increase commitments in the second half of the year.
3 min read · 05 January 2013
The Connecticut-based firm is raising its debut $1bn fund that will focus on core capital assets related to the transportation, industrial and energy sectors. Its founding partners previously focused on similar investments at Citigroup.
1 min read · 05 January 2013
