George Bilicic, who joined KKR in May, will rejoin Lazard as chairman of its power, utilities and infrastructure practice. A source familiar with the matter said Bilicic is leaving the firm over differences about how KKR should build out its infrastructure team.
2 min read · 05 January 2013
The Spanish construction company will finance, design and build additions to Florida's I-595 corridor in the next five years and then operate and maintain it for an additional 30 years. The State of Florida will control the toll rates and collect tolls.
2 min read · 05 January 2013
The world's largest owner of infrastructure assets will now raise third-party capital to back infrastructure GPs around the globe.
2 min read · 05 January 2013
Blackstone infrastructure co-head Trent Vichie and Chris Leslie, CEO of Macquarie Infrastructure Partners, say only a fraction of what's needed for infrastructure investment worlwide has been raised by private funds. Meanwhile CVC’s infrastructure chief, Stephen Vineburg, also speaking at PEI’s Infrastructure Forum in New York, said infrastructure investing has reached a third stage in development.
2 min read · 05 January 2013
The previously announced sale of minority stakes in Copenhagen and Brussels aiports, approved by Macquarie Airports shareholders on Friday, will constitute Macquarie European Infrastructure Fund III’s debut transaction. Targeting north of €5.5bn in commitments, it is Macquarie’s largest pan-European infrastructure fund.
2 min read · 05 January 2013
Michael Queen, managing partner of 3i’s infrastructure business, sees India as the top destination worldwide for infrastructure dollars during the next three years. Longer term, cash-strapped US will be the best market for infrastructure investment.
2 min read · 05 January 2013
Some US officials are pushing for the introduction of public private partnerships to create permanent funding sources for transportation projects. California, New Mexico and Texas are among the states that say they need private funds.
3 min read · 05 January 2013
Challenger will be one of the first ASX-listed infrastructure funds to enhance its public disclosures following a critical report by corporate governance advisor RiskMetrics that urged the exchange to require full disclosure of such agreements.
2 min read · 05 January 2013
Marking the latest step in its ongoing strategic review process, the Australian fund manager will add more independent directors to the boards of its satellite funds and alter the structure of its fee income as manager, starting with Babcock & Brown Infrastructure and Babcock & Brown Power.
2 min read · 05 January 2013
Western governments' emergency measures to buy bank equity stakes may have wide-ranging implications for financial services-focused private equity firms, writes Cezary Podkul.
2 min read · 05 January 2013
