An investment policy approved by the trustees of the Florida State Board of Administration will give the state’s $110bn retirement system the flexibility to invest up to 2% of its assets in infrastructure. The move is part of a broader portfolio transition that shifted about 10% of allocations away from listed equities and fixed income towards alternatives.
3 min read · 05 January 2013
Orin Kramer, chairman of the New Jersey's state investment council, urged council recently to lift the 28% cap on alternatives.
3 min read · 05 January 2013
North American LPs expect to increase their exposure to alternative strategies including private equity and see great opportunity in Asia.
3 min read · 05 January 2013
The $156m deal is the pension’s first direct infrastructure investment and the third stake majority owner GIP has sold to an institutional investor.
2 min read · 05 January 2013
Carlyle Infrastructure Partners has invested in the seventh-largest school bus transportation business in the US.
2 min read · 05 January 2013
In 2009, Americans have received warning after warning that their governments face alternatively a ‘decade of debt’ or a ‘lost decade’ due to massive, painful and protracted budget deficits that are here to stay. Opportunities are abound for infrastructure investors - but so are the pitfalls.
5 min read · 05 January 2013
Though the markets may be cheering BAB’s arrival right now, their future is uncertain.
3 min read · 05 January 2013
Global Infrastructure Partners and a consortium consisting of Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance have emerged among the bidders for the UK’s second-busiest airport.
3 min read · 05 January 2013
With announced deal volumes totalling $3bn in the first eight months of the year, the two sectors are proving to be resilient investment targets in a year that has seen Indian private equity deal value drop by 20% through September.
1 min read · 05 January 2013
Why a 35-year concession to upgrade and maintain Connecticut’s highway service stops is a PPP ‘put together in a more thoughtful way’ than the Chicago Skyway according to a Carlyle pro.
3 min read · 05 January 2013
