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.
A tougher fundraising environment has increased the need for placement agents, who will turn down mandates they consider too challenging in the current environment, says the CEO of Paris-based Global Private Equity.
The AIM-listed accountancy firm has launched a fund management business, TenonCap.
The world's largest owner of infrastructure assets will now raise third-party capital to back infrastructure GPs around the globe.
The Spanish fund of fund manager will next year raise a fund that for the first time will have a special situations component. In September the firm increased to 32 its headcount with eight new hires.
The public pension has committed to Carlyle’s fourth Asian growth fund, Welsh Carson’s 11th buyout fund, First Reserve’s 12th energy fund and Clessidra's second Italy-focused fund. Together these four funds are targeting more than $22bn.
The head of alternative assets for UK pension Universities Superannuation Scheme says portfolio write-downs coupled with the denominator effect have made fundraising tough. Yet many GPs saw this coming, and raised plenty of dry powder ahead of the storm, he says.
Executives at the private equity real estate group are searching for a new sponsor for the firm’s latest opportunity fund, which closed on $3.2bn days before the investment bank collapsed. The stake is worth a reportedly $780m.
The UK-based mid-market firm has been investing from its debut £300m distressed debt fund that closed in March 2007, but will raise a successor in spring with an estimated $1bn target.
Despite a drop in total capital deployed and first-time financings, experts say the effects of chaos in the financial markets won’t be felt until subsequent quarters. Cleantech enjoys an upsurge.