Cezary Podkul

The offering is poised to become the largest-ever private equity-backed initial offering in the US market for a group of funds managed by Goldman Sachs, Highstar, The Carlyle Group and Riverstone Holdings.

The $4bn infrastructure fund is reportedly seeking an equity stake in the Indian subsidiary of the Spanish construction company, which is active in the country’s burgeoning roads sector.

Carlyle has bought Park Water, a California-based water utility, for an undisclosed amount. The fund marks the firm's first investment in the US water sector.

The fund is the first entirely debt-focused investment vehicle raised in Mexico using a new type of listed security called a certificado burasatile. The lender, Navix, plans to co-invest $100m of its money with the certificados busatiles on a variety of projects in the Mexican energy sector.

Thomas Hassen has joined Macquarie as chair of its global oil and gas investment banking group.

There will be five major groups of investors looking to raise some $80 billion for infrastructure in 2011. Where do you fit in, asks Cezary Podkul.

The Emerging Africa Infrastructure Fund is lending $25m to O3b Networks, an internet satellite company, which has also attracted equity commitments from Internet search provider Google and North Bridge Venture Partners.

The Infrastructure Investor: Chicago forum provided timely market updates on some important issues as it became clear that there was more to the city than its association with long-windedness. Cezary Podkul reports

The fund attracted cornerstone commitments from Dutch pensions Pensioenfonds Zorg en Welzijn and Pensioenfonds Grafische Bedrijven.

The second close follows a first closing on $225m the firm achieved in the third quarter and puts it ahead of expectations for its year-end total.