Blackstone to launch US$40 billion infrastructure investment vehicle and new infrastructure business
Blackstone and the Public Investment Fund (PIF) of Saudi Arabia announced today the execution of a memorandum of understanding in relation to the launch of a new investment vehicle dedicated to infrastructure with an anchor US$20 billion contribution by PIF.
Amber-managed fund International Public Partnerships Ltd has raised £330 million (US$425 million) following significant over-subscription of the issue announced on 12 April.
The Government of Puerto Rico has released a list of P3 projects that will involve private finance and other additional projects under review.
EIG Global Energy Partners (EIG) has announced the final close of Global Private Debt Fund (GPF IV), a continuation of the firm’s platform for energy and infrastructure credit and direct lending.
The Philippines' Department of Labor and Employment (DOLE) has reiterated the government’s preference for “hybrid” public-private partnership (PPP) deals in which the government would build the infrastructure projects and later bid out the operation and maintenance (O&M) to the private sector.
The Asian Development Bank (ADB) announced two new initiatives to improve and monitor the business environment for public-private partnerships (PPPs) in Asia and the Pacific. The measures, which aim to strengthen the bankability and implementation of PPPs, were announced in Yokohama, Japan at the 50th Annual Meeting of ADB's Board of Governors.
First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
3i Group has announced the first close of the 3i European Operational Projects Fund, with €155 million (US$169 million) raised from a number of European investors, including a commitment of €40m from 3i.
SNC-Lavalin Group Inc. has announced that it has reached an agreement with WS Atkins plc, approved by the boards of directors of both companies, on the terms of a cash acquisition by which SNC-Lavalin will acquire the entire issued and to be issued share capital of Atkins for £20.8 (US$22.3) per share in cash, representing an aggregate cash consideration of CAD3.6 billion (US$2.7 billion).
International Public Partnerships has announced its intention to raise £250 million (US$316 million) via an equity issue.
Puerto Rico has released the Proposed Regulations for the Procurement, Evaluation, Selection, Negotiation, and Award of Public-Private Partnership Contracts under Act No. 29-2009, as amended.
HarbourVest Partners, a global private markets asset manager, has announced the final closes of its first mezzanine-focused co-investment fund at US$375 million and its third real assets fund at US$366 million.
Global infrastructure fund manager Hastings Funds Management has won an infrastructure debt investment mandate from the Development Bank of Japan Inc. and DBJ Asset Management Co., Ltd (collectively DBJ Group), targeting investments in OECD countries.
The Peruvian Ministry of Economy and Finance has passed an amendment to the Public-Private Partnership (PPP) Law Regulation (Decreto Legislativo N° 1251).
The Board of The Renewables Infrastructure Group Limited (TRIG) has announced that the company has raised gross proceeds of £110.0 million (US$110 million) through the issue of 106,796,117 New Ordinary Shares at a price of 103.0 pence per New Ordinary Share.
NEPAD-IPPF and ECOWAS PPDU discuss collaboration to strengthen infrastructure project preparation in West Africa
The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) hosted by the African Development Bank (AfDB) held discussions with the Infrastructure Project Preparation and Development Unit (PPDU) of the Economic Community of West African States (ECOWAS) based in Lomé, Togo, with a view to strengthening collaboration on the preparation of regional infrastructure projects in West Africa. The two institutions agreed to conclude an Operational Memorandum of Understanding (MOU) to underpin their cooperation.
Fengate Real Asset Investments has announced the close of the LPF Equities Fund, the firm’s new private equity fund with CAD300 million (US$224 million) in committed capital, and its initial investment in the Cricket Energy Group of Companies.
Foresight VCT PLC has announced that the maximum number of subscriptions of £40 million (US$50 million) has been received and the Offer is now closed for further applications.
HICL Infrastructure Company, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, has announced it has raised £260 million (US$325 million) gross proceeds under its share issue.