Korean institutions invest $700m in Brookfield Infrastructure fund
Korean institutions have invested KRW800 billion (US$700 million) in Brookfield Infrastructure Fund III a fund focused on transportation, renewable power, utilities and energy sectors in North America, Europe, South America and Australasia.
This fund is a continuation of Brookfield Infrastructure Fund II which closed in October 2013 with equity commitments totaling US$7 billion. Brookfield Asset Management is the fund manager.
Brookfield Infrastructure Fund III was initially targeted at US$7 billion in its first close by the end of March 2016. However, the fund currently expects to reach an amount close to US$14 billion of which it has achieved US$11.8 billion so far. The fund has a target internal rate of return (IRR) of between 12-15%.
Teachers’ Pension and Public Officials Benefit Association among other six institutions have committed the investment to the new global infrastructure fund. Other investors include New Mexico’s pension fund, Oregon Public Employees Retirement System and some sovereign wealth funds.
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May 25, 2016
Standard Chartered PE acquires Korean water services firm
Standard Chartered Private Equity (SCPE), Standard Chartered Bank's private equity arm, has agreed to acquire a controlling interest in Kolon Water & Energy (KWE), one of the largest private waste water treatment operations & maintenance (O&M) service providers in Korea. Read more -
May 23, 2016
Korea´s SWF to appoint infrastructure investment manager
Korea Investment Corporation (KIC) has plans to appoint an infrastructure investment manager for the operation of its overseas infrastructure mandates worth US$2 billion. Read more -
April 25, 2016
PSA to buy stake in Busan port terminal
South Korean Hyundai Merchant Marine (HMM) has decided to sell its shares in the Hyudai Pusan New-Port Terminal, located in Busan, in order to diminish its debts. The company owns 50 percent plus one stake in the port terminal and it intends to sell 40 percent plus one share to the Port of Singapore Authority (PSA) for US$ 85.7 million. Read more -
April 21, 2016
KB Insurance and Natixis enter infrastructure and aviation co-investment agreement
KB Insurance Ltd, engages in non-life insurance related business in South Korea, and Natixis SA, a French corporate and investment bank, have recently announced that they have signed a partnership agreement to co-invest in infrastructure and aviation debt originated by Natixis. Read more -
December 26, 2011
Transportation infrastructure outlook for 2012. Asia
We bring you today a report that explains the opportunities in the transportation infrastructure for 2012. The report highlights the bright future in India, China and Vietnam: Read more
