Infrastructure
Taiwan PE: Local problem, local solution
Mutual fund managers are expected to be among the first beneficiaries of moves by the Taiwan government to cultivate a domestic PE ecosystem. Industry participants are optimistic, but they must be patient
Asian LPs and infrastructure: Rousing the giants
Infrastructure is shedding its reputation for being a sleepy sector as Asian investors join a global surge of interest in the asset class. Strategic angling for the best deals will now require a more nimble approach
Everstone-Realterm JV launches third India logistics fund
IndoSpace, a joint venture between the Everstone Group and US-based Realterm Global, has launched its third fund aimed at developing Indian logistics and industrial facilities.
ADIA commits $1b to India’s state-backed infra fund
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund based in the United Arab Emirates, has committed $1 billion to the Indian government’s National Investment and Infrastructure Fund (NIIF).
Australia's PEP considers infrastructure fund
Pacific Equity Partners (PEP), currently Australia’s largest domestic buyout player, plans to raise an infrastructure fund with a view to applying operational knowhow from private equity to investments in a different asset class.
Macquarie receives $300m for Asia infra fund
Australia’s Macquarie Infrastructure and Real Assets (MIRA) has launched a new Asia infrastructure fund with a $300 million cornerstone LP commitment from Canada’s Alberta Investment Management Corporation (AIMCo).
India's IIML raises infrastructure fund target to $1b
IL&FS Investment Managers (IIML), the private equity arm of India’s Infrastructure Leasing & Financial Services (IL&FS), has raised the target of its infrastructure fund to $1 billion.
Australia's Westpac in talks to sell Hastings fund business
Australia’s Westpac Banking Corp. has entered exclusive negotiations to sell Hastings Fund Management to Australia-listed property developer Charter Hall Group.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
India, UK launch $620m green infra PE fund
The governments of India and the UK have launched a private equity fund with a target of GBP500 million ($620 million) to invest in sustainable infrastructure projects in India.
Fund focus: Actis leverages energy experience
Having hit the hard cap of $2.75 billion on its fourth global energy fund, Actis will deploy most of the capital in platform-style investments for emerging markets renewables
IL&FS, Lone Star form $550m India distress partnership
India’s Infrastructure Leasing & Financial Services (IL&FS) has launched a $550 million fund to invest in domestic distressed infrastructure assets with US-based GP Lone Star Funds.
Australia's AMP closes global infrastructure fund at $2.4b
Australia’s AMP Capital has reached a final close of $2.4 billion on its second global infrastructure fund, exceeding the target of $2 billion.
Warburg Pincus-backed D&J launches $1.5b China infrastructure fund
D&J Industrial Property, a China business park developer seeded by Warburg Pincus, has launched a RMB10 billion ($1.5 billion) fund with AVIC Trust that will invest in industrial infrastructure.
IFC proposes $100m commitment to Actis energy fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $100 million investment in Actis Capital's latest emerging markets energy fund.
CDPQ, KIA back ICICI-Tata power projects platform
Canadian pension plan Caisse de depot et placement du Quebec (CDPQ) and Kuwait Investment Authority (KIA) have backed a platform launched by India’s ICICI Venture and Tata Power that will invest in domestic power projects.
IFC, EMA Power invest $176m in Bangladesh's Summit
The International Finance Corporation (IFC), the investment arm of the World Bank, has joined EMA Power Investment to invest $175.5 million in Bangladeshi independent power producer Summit Corporation (SCL).
Equity International raises Asia fund to support e-Shang Redwood
Equity International (EI), a Chicago-based investment firm focused on real estate and infrastructure platforms in emerging markets, has closed its first Asia-focused fund, aimed at supporting Chinese warehouse firm e-Shang Redwood (ESR).
I Squared's toll road platform buys IL&FS asset for $21m
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
IL&FS targets $500m India infrastructure fund
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services, is raising a $500 million fund to invest in domestic road and energy projects.
First Reserve JV buys SE Asia oil industry servicing vessel
A joint venture controlled by energy-focused private equity firm First Reserve has acquired an 80% stake in a Southeast Asia servicing oil tanker for $166.3 million.
Myanmar PE: Back to the future
Myanmar’s relatively abrupt transformation from impoverished pariah to upbeat high-growth investment target has resulted in some interesting challenges for private equity and venture capital
KKR exits French energy firm to Australia's First State
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
Quadrant exits data center business to Infratil, Commonwealth Super
Quadrant Private Equity will exit Australia-based Canberra Data Centers (CDC) as listed infrastructure investor Infratil and Commonwealth Superannuation Corp. (CSC) agreed to buy a majority stake in the business for A$784 million ($565 million).
