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  • Brooklyn Navy Yard cogen refi, US

    Axium Infrastructure completed the refinancing of the Brooklyn Navy Yard 286MW gas and oil-fired cogeneration facility in New York on 14 February using hybrid financing comprising tax-exempt bonds, taxable notes, and funds held under accounts created by the 1997 tax-exempt indenture

  • Fund focus switches from Asia Pacific to social infra

    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

  • Infra funds – pride before the fall

    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

  • The great North American job hunt

    Few things set tongues wagging faster in the infrastructure community than recruitment trends, bonuses and salaries. While most folk like to benchmark careers against their peer group – frequently sucking the wind out of many a sail – everyone wants to know who is going where

  • Revolving doors whip up a storm

    With bonuses now having been trousered by many London infrastructure bankers, the resignation season is in full swing as people ready themselves for new challenges or ease into the salaried luxury of gardening leave

  • Fibre fiefdoms: here to stay?

    Fibre-to-the-‘x’ deals – substitute x for premises, home or office – are increasingly visible in the M&A space, and in the last few weeks several deals have seen ambitious new players test the waters with some success

  • It’s that time of year again…

    League tables have to be one of the most divisive pieces of research that IJGlobal publishes. Why divisive, I hear you ask? Well, they make some people angry when they don’t top the tables

  • Autopista al Mar 1, Colombia

    Colombia's Autopista al Mar 1 project - the largest of the 4G road programme - reached financial close in March 2019, making it the second project to close since president Iván Duque took power in 2018

  • Let the wind blow high, let the debt price low…

    Debt pricing on offshore wind is enough to drive people to drugs these days... though some suggest certain lenders are ahead of the game on that front

  • Funding US wells, not walls

    The first couple of months of 2019 saw substantial deals for the oil and gas industry in North America

  • EXCLUSIVE New South Wales’ Regional Rail PPP, Australia

    The Momentum Trains consortium achieved financial close on 15 February for the Regional Rail PPP in New South Wales, with a group of international banks providing debt with a novel amortisation schedule, while the NSW government has given itself the option to terminate or extend the O&M concession at year 15

  • Infra fundraising – oops we did it again

    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

  • Investment in India gathers momentum

    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

  • Charged with uncertainty - EV charging infra

    Various public and private led funds are being raised in early 2019 targeting electric vehicle charging infrastructure. Private investors are battling with oil majors and energy utilities for dominance of this nascent market, as appropriate financing structures remain up for debate

  • EXCLUSIVE RGreen Invest’s InfraGreen III fund

    French alternative energy fund manager RGreen Invest is approaching a February final close on its latest mezzanine debt and equity fund – InfraGreen III – above target and approaching an extended hard cap. It is the fourth fund vehicle under management for RGreen Invest, which partners with developers at the ready-to-build stage

  • New fundtiers: novel UK investment opportunities

    The last few weeks has seen the launch of several new types of speciality infrastructure fund for alternative assets in the UK. Each specialises in a niche proposition though all look to support the energy transition

  • It’s beginning to look a lot like infra…

    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

  • Greece tries to swap EU funds for PPPs

    In early October, EU Commissioner for Regional Policy Corina Cretu visited Greece to inaugurate two major transport projects – the Tithorea-Domokos railway line and Thriassio Pedio Freight Complex

  • US airports – hashtag flying too

    Everyone has an airport horror story and – curiously – many of them occur in America. For a First World nation that embraced flight early as the favoured mode of transport, it remains a curiosity that the user experience is so… Third World

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