Missouri pension fund commits $100 million to GIP III
Missouri Local Government Employees Retirement System has committed US$100 million to Global Infrastructure Partners III (GIP III).
Additionally, it has committed U$75 million to Fireside Real Estate Partners III and US$50 million to Garrison Middle Market Funding II.
In February,we reported that Global Infrastructure Partners had reached first close for its GIP III with a total of US$7.717 billionin commitments.At that time Maine Public Employees Retirement System (MainePERS)committed US$150 million to GIP III.
In 2016, Virginia Retirement System Richmond allocated $200 million to GIP III.Prior to that, in December 2015, Oregon Investment Council announced a $400 million investment in the fund, and one month before, we published that Washington State Investment Board had plans to invest about US$1 billion in the fund.
GIP focuses on larger scale investments in assets that provide essential services, have high barriers to entry, and offer significant governance positions. GIP targets opportunities in OECD countries and high quality assets with the potential for attractive risk-adjusted returns in selected non-OECD countries.
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April 13, 2016
Nossaman reinforces infrastructure practice
Nossaman has expanded its internationally recognized Infrastructure Practice Group with the hire of Shant Boyajian, former Senior Counsel for the U.S. Senate Committee on Environment and Public Works. Read more -
April 12, 2016
PennDOT accepts unsolicited proposals until April 30
The The Pennsylvania Department of Transportation (PennDOT) Office of public private partnerships (P3) has announced that it is accepting unsolicited proposals for transportation projects from the private sector through April 30. Read more -
April 12, 2016
Fitch downgrades Private Activity Bonds of Isolux I-69 P3
Fitch Ratings has recently announced that it has downgraded the Indiana Finance Authority's private activity bonds (PABs) issued on behalf of I-69 Development Partners for the I-69 Section 5 P3 project to BBB-. Fitch has also placed the bonds on Rating Watch Negative (potential downgrade). Read more -
April 08, 2016
Macquarie Infrastructure Partners III announces FC of 940 MW power project
Macquarie Infrastructure Partners III (MIP III), along with Siemens Financial Services (SFS), today announced that they have entered an agreement to construct Lordstown Energy Center (LEC), a 940 MW combined cycle gas turbine (CCGT) electric power generation facility. The LEC site is situated approximately 50 miles southeast of Cleveland, OH, in the village of Lordstown. Read more -
April 07, 2016
Honolulu seeks interest for TOD P3
The Honolulu Authority for Rapid Transportation (HART), which manages the urban rail system currently under construction in Honolulu County, Hawaii, is seeking a developer to build a parking structure and other related facilities. Read more
