As eight unlisted, closed-ended infrastructure funds raised $20.6 billion at final close in the first quarter of 2019, some interesting trends have emerged from the IJInvestor Funds and Investors Q1 2019 report
Since the beginning of time, the masses have been enthralled by building higher and bigger… a hubristic trait that usually ends badly and is repeatedly played out in the infrastructure funds space. This is why our quarterly report on fundraising by global infrastructure funds has so many in the industry predicting doom
Financial close on bundle 1 of Ireland's first social housing PPP project comes at a time of mounting pressure on the housing market, with a shortage of housing supply, an increased demand for home ownership and cases of half-built properties dotted across the country
It’s unseemly to crow about one’s victories in the heavily-contested area of data gathering on fundraising by unlisted, global infrastructure funds… but sadly, it’s also irresistible. Over the course of 2018, IJInvestor logged final close on $104 billion raised by funds – closed- and open-ended, with equity and debt strategies – putting us a country mile ahead of our rivals
IJInvestor data shows that international funds and institutional investors are already active in the market. There are 36 active funds focusing solely on India with a target of investing over $90 billion of capital
In the same week that Luxembourg announced plans to legalise cannabis (and make all public transport free), folk have been wondering whether many infrastructure fund managers will domicile in the small European duchy to enjoy the benefits of a liberal system while they play fast and loose with targets and hard caps
Welcome to the final missive for the year written in the teetering shadow of a mountain of IJGlobal award submissions in advance of signing off for 2018 and wishing you all a merry Christmas and the very best for 2019
Many people find it hard to look beyond sun-drenched beaches and cocktails when it comes to the Caribbean. But with 28 countries and a combined population of 42.5 million, there’s a strong argument for rebranding it “the land of sun, sea and PPP”… if it can follow the example of Jamaica
It is almost unheard of in the US for a P3 project to go from procurement to financial close in just under a year. However, this is exactly what happened with the $150 million Howard County Circuit Courthouse P3 in Maryland, which reached financial close in October, setting a precedent for how infrastructure projects should be procured in North America
In anticipation of publication of our quarterly funds and investors report, the temptation is too great to hold back our key findings, laying our cards on the table and smiling knowingly at rivals that our data wins the day again
After a lumpy year to date and a deathly-quiet August, the global infrastructure community is bracing for a rush to Christmas with many fearing that the first quarter of 2019 will be fairly sedate – particularly in Europe
The Turkish currency crisis is causing ripples around the international infrastructure finance community with all parties active in the nation reaching for project documentation to ensure they are not about to take a severe haircut
Back in the PPP pipeline days, you could set timing on the project finance of any old piece of European infrastructure by the tired mantra of lenders intoning: “And… yes… you can count on the EIB taking half the debt”
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