AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Infrastructure/PPP news in South Korea
The Asian Development Bank (ADB) and the Export-Import Bank of Korea (KEXIM) have signed a memorandum of understanding (MOU) to co-advise on public-private partnerships (PPPs) in Asia and the Pacific.
The Global Infrastructure Hub launched its Project Pipeline to provide the private sector with free information about government infrastructure projects across the world.
South Korea's National Pension Service (NPS), world’s third-largest pension scheme, sees infrastructure as good prospect for returns in a low interest rate environment.
Deutsche Bank has welcomed the Green Climate Fund (GCF) decision to make an initial US$78.4 million investment in Deutsche Asset Management’s fund for renewable energy access in Africa.
The Export-Import Bank of Korea (Korea Eximbank) has announced it has financed the development of the integrated health campus through a public private project (PPP) contract in the province of Gaziantep (Turkey) awarded by Turkey's Ministry of Health.
South Korea's Military Mutual Aid Association (MMAA) and South Korea’s National Pension Service (NPS) will invest respectively €40 million (US$44.7 million) and €250 million (US$282 million) in Macquarie European Infrastructure Fund 5 (MEIF5) that is aiming to raise €2.5 billion (US$2.8 billion).
The Public Officials Benefit Association (POBA) of South Korea has announced its aim to commit AUD60 million (US$45.7 million) to a Macquarie infrastructure fund that will invest in Australian state assets.
The Government of Kazakhstan's Ministry of Investments and Development (MID) has awarded to a team composed of SK Engineering & Construction Co. and Korea Expressway the contract for the Almaty ring road PPP project (BAKAD) in Kazakhstan.
Korean institutions have invested KRW800 billion (US$700 million) in Brookfield Infrastructure Fund III a fund focused on transportation, renewable power, utilities and energy sectors in North America, Europe, South America and Australasia.
Standard Chartered Private Equity (SCPE), Standard Chartered Bank's private equity arm, has agreed to acquire a controlling interest in Kolon Water & Energy (KWE), one of the largest private waste water treatment operations & maintenance (O&M) service providers in Korea.
Korea Investment Corporation (KIC) has plans to appoint an infrastructure investment manager for the operation of its overseas infrastructure mandates worth US$2 billion.
South Korean Hyundai Merchant Marine (HMM) has decided to sell its shares in the Hyudai Pusan New-Port Terminal, located in Busan, in order to diminish its debts. The company owns 50 percent plus one stake in the port terminal and it intends to sell 40 percent plus one share to the Port of Singapore Authority (PSA) for US$ 85.7 million.
KB Insurance Ltd, engages in non-life insurance related business in South Korea, and Natixis SA, a French corporate and investment bank, have recently announced that they have signed a partnership agreement to co-invest in infrastructure and aviation debt originated by Natixis.
POSCO has secured a â‚©1.24 trillion (US$1.08 billion) overseas investment by selling 38% stake in POSCO Engineering and Construction to Saudi Arabia's sovereign wealth fund.
The Sydney-based G20 Infrastructure hub has appointed Christopher Heathcote as its inaugural chief executive.
Korea Eximbank (KEXIM), the Export-Import Bank of Korea, has raised W132.5 billion (US$120.4 million) for energy and infrastructure funds.
The government of Korea has announced public private partnership (PPP) boosting measures at the 7th Ministerial Meeting on the Economy.
South Korea and Turkey have confirmed plans to become funding member of the new Asian Infrastructure Investment Bank (AIIB).
According to a filing with the Securities and Exchange Commission, the asset management division of U.S. bank J.P.Morgan Chase & Co. has raised $285 million for its Asian Infrastructure & Related Resources Opportunity Fund II.