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Latest Social & Defence Analysis
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Cost of capital king Equitix sets sights on NA market
Social & Defence EuropeEquitix has hired a senior adviser as part of its North American expansion
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APAC infra fundraising – death by FIFO?
Social & Defence Asia PacificIn recent years, Asia-Pacific has been one of the fastest developing markets for infrastructure funds. As the region increasingly opens up to global investments, its economies and infra development are growing significantly
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Netflix and bone-crushing tedium…
Social & Defence EuropeAs we tentatively venture out of our homes to bump elbows – not rub shoulders as that’s too close – with friends and colleagues we’ve not seen for an age… it’s becoming horribly apparent that nobody has anything to say
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Awards – a flattering market reflection?
Social & Defence EuropeHaving spent the last couple of weeks wading through submissions for IJGlobal Awards 2020 and now having launched into Judgment Day sessions… it’s with a somewhat giddy head that fingers hit keyboard for the Friday missive
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Secondary funds market primed for a bumper year
Social & Defence EuropeThe pandemic temporarily threw a wrench in the works, but an inflow of new capital is expected to drive further growth in the secondary market for stakes in infrastructure funds
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Taking the pulse on Velindre
Social & Defence EuropeThe long-delayed Velindre Cancer Research Centre PPP in Wales appears to have received a much-needed breath of life with the Welsh government approving the business case for the development, allowing it to progress to procurement
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Battle for Suez: driving a hard bargain
Social & Defence EuropeAn M&A battle has seldom caused such a stench as that kicked up by Veolia’s struggle to swallow Suez, still unresolved after the best part of a year
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The next generation of data for infrastructure investors – Special Report
Social & Defence EuropeTo the usual “How was Covid for you?” the team at EDHECinfra knows not to smile too much. “When we launched the commercial activities of EDHECinfra in 2019,” recalls director and founder Frederic Blanc-Brude, “one of us said something like ‘what we need now is a good crisis!’”
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US infrastructure – yee-haw… maybe
Social & Defence North AmericaNational infrastructure plans are usually met with an immediate call to arms from the private sector… but when it comes to the US, the market is a lot less swift to start a-hollerin’ and a-whoopin’. And for good reason. Cruel experience has taught the infrastructure community to treat federal infra announcements with a degree of caution… and the bigger the announcement, the greater that caution...
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Brexit Special Report 2021
Social & Defence EuropeIJGlobal speaks to Assured Guaranty’s Paris-based Raphael de Tapol about the challenges brought by Brexit and how AG has risen to overcome them…
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One year in… one quarter up
Social & Defence EuropeHaving penned the Editor’s Letter for the next issue of the IJGlobal Magazine (out next week, online only), it left this aging infra hack pondering how long it had been since the last Friday missive… never mind how long we’ve been in lockdown and the UK out of Europe
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California State University, Fresno utility P3
Social & Defence North AmericaThe US higher education sector is in the midst of a prolonged crisis which predates Covid-19 with many institutions under a great deal of financial distress. While we may not see a significant increase in greenfield energy projects involving entirely new campuses or energy systems, there will be some... like the Central Utility Plant Replacement P3 project at CSU Fresno
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Baltic district heating finds a private equity owner
Social & Defence EuropePartners Group is acquiring a district heating platform in the Baltics, in the latest of a string of exits by Finnish utility Fortum
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The UK student housing market – alive and kicking
Social & Defence EuropeThe UK student housing market appears to be alive and well after recent deals by Dutch pensions group APG and real estate developer Greystar, while the European market is beginning to heat up
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Asper scales up with co-investment strategy
Social & Defence EuropeIn the face of a challenging fundraising environment and sky-high valuations, independent London-based investment manager Asper has attracted large investors with its own co-investment model
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Next stop: Peru
Social & Defence Latin AmericaAware of the importance of infrastructure to economic growth, and of the role of the government in driving the industry, Peruvian leaders have started to think strategically and to make that clear to investors
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Prince George’s Schools P3, Maryland
Social & Defence North AmericaPrince George’s County in Maryland became the first district in the US to finance the construction of five new middle schools and one K-8 school through a P3, despite concerns that the project could encounter similar problems to a transport deal that was embroiled in legal turmoil in the state last year
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University of Idaho, US
Social & Defence North AmericaThe University of Idaho reached financial close on its steam plant and utility system in December 2020, the third deal of its kind to close in the US... part of a growing trend in the education sector to invite private investors to improve legacy utility systems and receive upfront funds to retire old debt and invest in strategic initiatives
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IJInvestor Awards 2020 – The Metlife Interview
Social & Defence North AmericaWhile MetLife Investment Management (MIM) has been in the project finance market for 20 years, the story of its massive scale-up began in 2009. From that time, the investor has grown its infrastructure debt portfolio from $2bn AUM to $30bn today