Cezary Podkul
The government said the fund will ‘act as a vehicle for attracting and channeling capital flows to critical infrastructure’. The fund is an initiative championed by newly installed President Goodluck Jonathan and will be seeded with revenues from the country’s oil and gas sector.
The firm hired Rahman D’Argenio for its energy investment team in Short Hills, New Jersey. D’Argenio was previously a director at First Reserve.
The firm has re-hired Patrick Thomson to work with sovereign clients, many of whom increasingly want exposure to alternatives.
The Dutch pension's private equity portfolio returned 13.7% for H1 2010, up from 4.8% in the same period last year.
The New York City public pension system has terminated its $75m relationship with the Emerald Infrastructure Development Fund, a Northern Ireland-focused fund run by a rock salt company executive. The fund has since been dissolved, according to a spokesperson.
The firm is looking at investment opportunities in ports, toll roads and pipeline assets, with a specific focus on Brazil, Chile, Colombia and Peru, Brookfield Infrastructure Partners CEO Sam Pollock said during the firm's second quarter earnings call.
The private equity firm will take a preferred interest in Houston-based Copano Energy, which will fund an expansion project in the Eagle Ford Shale.
Orin Kramer, chairman of the New Jersey's state investment council, urged council recently to lift the 28% cap on alternatives.
North American LPs expect to increase their exposure to alternative strategies including private equity and see great opportunity in Asia.
JPMorgan Asset Management’s Global Maritime Investment Fund has secured $545m in commitments against a $750m fundraising target. The fund is expecting returns between 18% to 20%, the ‘majority ‘of which will come in the form of current income, according a fund executive.