The $1.2 billion 3i India Infrastructure Fund, an investment vehicle run by international investor 3i Group PLC, is investing $111.51 million in KMC Infratech Ltd. (KMCIL), a subsidiary of KMC Constructions Ltd. (KMCCL) that controls a portfolio of 10 road projects in India totaling 5,000 lane kilometers.
From the Current Issue
The $10.6 billion Maine Public Employees Retirement System made one commitment to an infrastructure fund at a recent board meeting, according to CIO Andrew Sawyer.
Dow Jones Indexes, a global index provider, and Brookfield Asset Management Inc., an asset management firm focused on property, power and infrastructure assets, have launched the Dow Jones Brookfield Emerging Markets Infrastructure Index.
Partners Group, a private markets investment manager based in Zug, Switzerland, has closed its largest dedicated infrastructure investment program to date, Partners Group Global Infrastructure 2009, with €500 million ($705 million).
At the 2010 Institutional Investing in Infrastructure Editorial Advisory Board meeting, the topic of procuring investments, including the RFI/RFP process and performance measurement and evaluation, were discussed. In the following article, the debate is picked up and the questions asked whether standardizing the RFP or RFI process is an admirable goal, or even feasible, and how the introduction of standards for performance measurement and evaluation could help everyone involved.
As municipalities face budget shortfalls, unfunded pensions, and declining revenue streams, city officials are considering public-private partnerships (P3s) to fill financial gaps. Due to municipal autonomy, cities often have their own ability to pursue a P3 even when the state has no P3-enabling legislation. This has expanded the overall P3 market scope and has led to more diverse projects. However, these deals face the same political hurdles at the municipal level that they face at the state level.
Institutional Investing in Infrastructure assistant editor, Tyson Freeman spoke with Inderst about his paper, “Infrastructure as an Asset Class,” EIB Papersvol. 15(1).