A new strategic partnership between infrastructure fund manager HRL Morrison and New Zealand asset manager Fisher Funds will form a retail infrastructure fund expected to be available to investors early next month.
2 min read · 05 January 2013
The Goldman spin-out's Summit Midstream Partners has bought a 75% stake in a Texas gas gathering pipeline developer from KKR-, TPG- and Goldman-backed Energy Future Holdings.
2 min read · 05 January 2013
Less than a month after takeover talks ceased with Archer Capital, the energy company has received another private equity offer that could be worth more than A$430m.
2 min read · 05 January 2013
An exclusive gathering in California hosted by Stanford University sheds light on what pensions are seeking from infrastructure managers – and what the pensions might do if they don’t get what they want, writes Cezary Podkul.
3 min read · 05 January 2013
The firm has thrown out the classic 2-and-20 terms for its infrastructure debut, charging LPs 15% carry and up to 1.5% for management fees.
3 min read · 05 January 2013
After a busy month spent whizzing across New York from one industry gathering to the next, Cezary Podkul reports back with his Top 10 insights into the key trends in infrastructure
6 min read · 05 January 2013
Kevin Carney, a former executive director in JPMorgan’s Infrastructure Advisory team in New York, is among the growing number of infrastructure investment bankers leaving the bulge bracket to pursue advisory activity on a more retail level. He started his own firm, Infrastructure Capital Advisors, in February.
3 min read · 05 January 2013
Paul Fishers says the industrial real estate developer is solely focused on Virginia and has no plans to make other port investments on the US’ East Coast. Their bid, estimated to bring at least $9bn in economic benefits to Virginia, touched off a 120 day period during which the port will entertain competing proposals.
2 min read · 05 January 2013
The first-of-its kind bid to lease an entire port’s operations for a $500m upfront cash payment and ongoing capital commitments has triggered a 120-day period during which the authority will accept competing proposals. Interest from competing bidders is said to be strong.
3 min read · 05 January 2013
What could be the first long-term lease of an entire US port has met a challenge from two major private equity groups, whose proposals will be considered alongside a bid by CalPERS-backed CenterPoint.
2 min read · 05 January 2013
