RFQ launched for flood P3 Project in the U.S.

The Flood Diversion Board of Authority has authorized the release of a Request for Qualifications (RFQ) that invites respondents to submit their qualifications to design, build, finance, operate, and maintain the Public-Private Partnership (P3) portion of the FM Area Diversion Project in the United States. Read more

IFM Investors Appoints Joseph Braun as Associate Director of Debt Investments

IFM Investors has announced the appointment of Joseph Braun as an Associate Director in North American Debt Investments. Mr. Braun’s appointment further complements IFM Investors’ North American infrastructure debt team, led from the company’s New York City offices. Mr. Braun will report to Rich Randall, Global Head of Debt Investments, who was appointed this year from his prior position as as Executive Director of Debt Investments. Read more

INPP confirms 125 million fundraising

The Board of Directors of International Public Partnerships Limited (INPP) has announced that the placing has closed, raising £125 million before costs and expenses through the issue of 83,612,040 ordinary shares of 0.01p in the capital of the company. Read more

Brookfield closes $14 Billion Global Infrastructure Fund

Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. BIF III marks the largest private fund raised by Brookfield and the largest private infrastructure fund ever raised in the industry. In the last 18 months, Brookfield has raised approximately US$27 billion across its flagship private fund strategies, including the close of its flagship real estate fund, Brookfield Strategic Real Estate Partners II at US$9 billion, and its flagship private equity fund, Brookfield Capital Partners IV at US$4 billion. All three funds surpassed their fundraising targets. Total capital commitments of BIF III exceed the original US$10 billion fundraising target, reflecting a robust investment pipeline and strong investor demand for the asset class. BIF III’s predecessor fund closed in 2013 with US$7 billion of total capital commitments. Investors in the Fund are a diverse group of over 120 institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$4 billion to the Fund, ensuring alignment of interests with other Fund investors. Brookfield’s commitment will be funded through Brookfield Infrastructure Partners L.P. and Brookfield Renewable Partners L.P. To date, the Fund has committed to invest over US$3 billion in assets consistent with the Fund’s investment strategy, including a portfolio of U.S. hydroelectric facilities, a portfolio of Brazilian electricity transmission projects, a leading Colombian power generation company, a portfolio of Peruvian toll roads and a U.S. water infrastructure project developer.  Read more

Pennsylvania PPP Board approves Commonwealth Fiber Optic Communication Project

Pennsylvania's Public-Private Partnership (P3) Board has approved a Pennsylvania Turnpike Commission project to install a fiber optic cable along the 550-mile Turnpike and extensions to provide communication capacity for the commission, state Department of Transportation (PennDOT) and other commonwealth needs. Read more