Barry Gold, co-head of the private equity firm’s $1.15bn infrastructure fund, says the 35-year concession to upgrade and maintain the state’s highway service stops is a PPP ‘put together in a more thoughtful way’ than the Chicago Skyway.
6 min read · 05 January 2013
Flip through consumer, retail or healthcare pitchbooks and you’ll be sure to find career investment bankers touting 25 or 30 years of experience in their sector. But infrastructure is a relatively new vertical for most banks, and experienced advisors can be hard to come by. When you do your research of who is who in infrastructure M&A work, the following ten names are bound to pop up. We present them here in alphabetical order*
6 min read · 05 January 2013
Phil Burkhardt joined the firm as an asset manager, bringing the total number of members on its energy infrastructure team to 11. First Reserve infrastructure head Mark Florian expects the team to grow to 14 by year’s end as the firm goes about ‘building out some really good investments’.
2 min read · 05 January 2013
Mark Florian went from advising on blockbuster toll road deals for one of Wall Street’s finest to building out an energy infrastructure team at the world’s oldest energy private equity firm. In his first interview since joining First Reserve from Goldman Sachs last year, he tells Cezary Podkul why he made the transition and what he hopes to accomplish at his new employer.
10 min read · 05 January 2013
The firm will seed a joint venture that could bring as much as $1.5bn in purchasing power to solar power projects.
2 min read · 05 January 2013
The proceeds will be used to finish construction on the company’s Alta Wind I project in Tehachapi, California. Credit Agricole and Natixis acted as co-bookrunners and co-structuring Leads for the financing. GIP bought a 40% interest in Terra-Gen last year, marking its first renewables investment.
1 min read · 05 January 2013
The head of the private equity firm 3i’s North American infrastructure team said his departure was ‘part of a broader contraction’ in 3i’s infrastructure business. But 3i executives Cressida Hogg and Bob Stefanowski said in an email that the firm intends to remain in the North American infrastructure market.
2 min read · 05 January 2013
Infrastructure funds raised $5.9bn globally, or more than half the 2009 total and more than three times the total for the same period last year. If the momentum continues, infrastructure fundraising could eclipse the 2009 total by the first half of this year, according to Probitas Partners.
3 min read · 05 January 2013
The development institution is about half-way through the $300m its Infrastructure Department was authorised to invest in such funds, but may allocate further capital later this year when an ambitious $3bn renewables investment target for the next three years target kicks in.
2 min read · 05 January 2013
Fundraising was a 'long and difficult process' for the North America-focused fund, which has already spent $215m of the money it has raised.
1 min read · 05 January 2013
