Credit Agricole to partner with Babson Capital for infrastructure lending
Credit Agricole has signed an alliance with Babson Capital to co-invest in global infrastructure lending.
According to public sources, the French bank has seeded around US$500 million of infrastructure loan assets, predominantly in Europe and the US, into the alliance with Babson.
Babson Capital is a US based investment management firm that manages $182 billion. The firms is a subsidiary of US insurance firm, Mass Mutual Life Insurance.
In June 2013, CNP Assurances and Natixis signed a memorandum of understanding in order to co-invest through a partnership in infrastructure debt targeting an amount of up to €2 billion over a 3-year period.
Aviva Investors also announced at the end of July 2013 that it has launched a European secondary infrastructure debt vehicle.
The long-dated nature of the debt is attractive to institutional investors, such as pension funds and life insurers due to their liability profiles.
The position of the infrastructure debt in the capital structure and the natural hedge against inflation due to floating-rates are also features that attract investors to infrastructure debt.
Country news
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August 14, 2013
Starwood Energy acquires Texas wind farm
Starwood Energy has announced the acquisition of the 377 MW Stephens Ranch Wind Project, located in Borden and Lynn Counties, Texas, from its joint developers, Wind Tex Energy and Mesa Power. The first phase of the Project, sized at 200 megawatts, is expected to begin construction in September 2013 and to achieve commercial operations by August 2014. Read more -
August 14, 2013
U.S. Congressmen launch Caucus on Public-Private Partnerships
U.S. Congressmen Mike Rogers (R-AL-3) and Gerry Connolly (D-VA-11) announced in early August that they are forming the Congressional Caucus on Public-Private Partnerships, or the Congressional P3 Caucus. Read more -
August 14, 2013
ODOT receives four reponses for Portsmouth Bypass P3 project
Highway in the U.S.The mentioned consortia and their equity members are the following: Read more -
August 16, 2013
GIP sells stake in Access Midstream Partners
On 13 August 2013, Access Midstream Partners LP began an underwritten secondary public offering of 8,000,000 common units representing limited partner interests owned by Global Infrastructure Partners II. Read more -
August 19, 2013
TxDOT prequalifies three teams for SH-288 toll road
The qualified teams are as follows: Read more
