Seth Tan joins OCBC from SMBC
Seth Tan has started at OCBC as the managing director and head of corporate banking China, he announced on social media yesterday
IFC makes $30m investment in African infra fund, AIIF4
The International Finance Corporation has made a $30 million equity investment in the Africa Infrastructure Investment Fund 4 Partnership to boost essential infrastructure development throughout Africa
GIP flagship fund in late stages of fundraising
Global Infrastructure Partners is in the “late stages of fundraising” for one of its vehicles, according to BlackRock chief executive and chairman Larry Fink in the firm’s Q4 earnings conference call
UPDATE: Africa50 fund reaches $222.5m first close
Africa50 has achieved first close for the Infrastructure Acceleration Fund, securing $222.5 million in commitments
Arlington County to make $15m SDC Digital Infra IV commit...
The board of trustees of the Arlington County Employees’ Retirement System has approved a $15 million LP commitment to SDQ Digital Infrastructure Opportunities Fund IV
BlackRock acquires GIP
BlackRock has agreed to acquire Global Infrastructure Partners for about $12.5 billion in cash and stock in a move that further consolidates the infrastructure fund market
Google joins Chile-APAC fibre consortium
Google will join Chilean state-run infrastructure fund Desarrollo País and the Office of Posts and Telecommunications of French Polynesia to develop a subsea fibre cable route linking Chile, French Polynesia and Australia
Louisiana Teachers approves $50m Stonepeak commitment
The investment committee of the Teachers Retirement System of Louisiana has approved a $50 million commitment to Stonepeak Infrastructure Fund V
AIIB nets $3bn from sustainable bond
The Asian Infrastructure Investment Bank has priced a $3 billion 5-year sustainable development bond, proceeds of which will be used for "infrastructure for tomorrow"