Research Oil and gas M&A deals slowing in U.S. The overall appetite for mergers and acquisitions within the oil and gas industry in the…
Transactions Statkraft boosts presence in German EV charging market with second buy Norwegian renewable energy company Statkraft is looking to strengthen its foothold in the European electric…
Other SDCERS launches RFP for general investment consultant The $8 billion San Diego City Employees’ Retirement System (SDCERS) is searching for a general…
From the Current Issue VIP Infrastructure in Toronto: Investors, consultants and managers ‘peel back the onion’ and ask tough questions about infrastructure investing by Drew Campbell IREI’s VIP Infrastructure conference (formerly i3) reached its 12th year in operation in June in Toronto. In VIP Infrastructure’s early days, many institutional investors — particularly in the United States — were new to infrastructure, and much of the discussion and presentations at the conference were generalized, theoretical and not too specific. Investors would describe their interest using terms such as “educational,” “getting their feet wet” and “information gathering,” and while some of those still apply, what was clearly different at the 2019 event was a focus on the specific and the concrete — everyone is on board with ESG principles, for example, but how are actions based on these principles monitored and reported at a construction site or a power plant, and what is their impact on company and asset performance?
From the Current Issue A conversation with CalSTRS’ Christopher Ailman on ESG: with Loretta Clodfelter by Loretta Clodfelter Climate change has added urgency to investors’ efforts regarding environmental, social and governance (ESG) factors. The $230 billion California State Teachers’ Retirement System (CalSTRS) has been at the forefront of addressing such issues, adopting an investment policy to mitigate ESG risks in 2008. Recently, Christopher Ailman, CIO of CalSTRS, spoke with Loretta Clodfelter, editor of Institutional Real Estate Americas, about the system’s sustainability endeavors. The following is an edited transcript of their conversation.
Infrastructure More contracts expected for international airport project in Philippines Developers are forging ahead with a massive PHP 734 billion ($14 billion) airport construction project…
Transactions Shell offers to pay A$617m in major Australian energy company buy-out deal Royal Dutch Shell is making strides to establish itself in the Australian power sector with…
Investors John Laing halts renewable investments in Australia and Europe Citing poor performance in the first half of the year, John Laing Group has put…
From the Current Issue Global funds dominate infra fundraising: Half of all fund capital raised has been committed to global strategies by Sheila Hopkins Based on YTD 2019 data, more than half the capital raised by private equity infrastructure funds during the past three years was committed to global/multi-regional strategies. (A multi-regional fund is looking at more than one region, e.g., Europe and United States, but is not truly global.) Approximately 22 percent of capital raised by funds closing during that same period were Europe-focused, while another 20 percent of the total capital raised went to North American strategies.
From the Current Issue Downshifting: Uber’s bust doesn’t mean ridesharing is going away and transport infrastructure investors need to pay attention by Drew Campbell Despite Uber’s recent disappointing IPO, the rideshare market is expected to continue its explosive growth, and that will affect transportation infrastructure in a number of ways, some expected and some yet to be fully understood. According to Global Ridesharing: 40 Billion Rides and Counting, by Sharespost, customer spending on ridesharing globally could grow to $400 billion by 2021, up from between $175 billion to $225 billion this year.