Get your InfraPPP & IPP Journal subscriptions: 25% discount from 10 to 27 September 2019 with the code INFRAIPP25
In early 2013, the firm launched the AECOM Global Fund I, L.P. that has already committed US$100 million to six projects totaling $2.3 billion, including mixed use residential, retail and hotel projects in Queens, New York, and Jersey City, New Jersey, as well as southern California.
According to John Livingston, chief executive of Aecom Capital, having equity gives Aecom a seat at the table of big-ticket projects such as apartment complexes, bridge repair, water treatment plants and courthouses as an investor.
Mr. Livingstone also said that the fund could be launched in September 2014:
"We now come in on the principal level, not just as a service provider. We're in informal talks with prospective investors and may launch the fund in September."