Cezary Podkul

Mark Weisdorf, head of JPMorgan’s $4bn infrastructure investments group, talks to Cezary Podkul about his firm’s long-term approach to the asset class

Goldman’s proposal argues that it is not the ‘optimal time’ to privatise the East Coast US port, while Carlyle says it is interested in a 60-year or longer concession for the port and may be willing to pay $500m to $700m upfront for it. In March, CenterPoint proposed a 60-year concession for $500m upfront.

Management also said during the New York Stock Exchange-listed infrastructure fund’s second quarter earnings call that they are bullish on natural gas infrastructure and may pursue opportunities to acquire assets from over-leveraged infrastructure companies.

After paying A$547 million to the mother ship, Macquarie Airports is taking its management in-house, leaving little hope for other externally managed ‘satellite funds’ to stay in orbit, argues Cezary Podkul.

The world’s largest manager of infrastructure assets says it expects its half-year profit to grow even as Macquarie Capital, its investment banking division, continues to show weak results.

More infrastructure funds are expressing interest in the sector, accounting for 15% of all transportation deal activity in 2008 versus just 6% in 2007, according to an industry report by BMO Capital Markets.

The firm has thrown out the classic 2-and-20, charging LPs 15% carry and up to 1.5% for management fees

The Swiss alternative investment manager will launch the vehicle in 2010 after deciding earlier this year not to extend the fundraising timetable for its first infrastructure fund of funds.

The firm has thrown out the classic 2-and-20 terms for its infrastructure debut, charging LPs 15% carry and up to 1.5% for management fees.

The $5.64bn infrastructure fund is structuring the transaction in such a way that the El Paso Corporation, its 50-50 joint venture partner, will bear all development and construction risk for the 675 mile natural gas pipeline.