Final close achieved for Target Yield Infrastructure Debt Fund
Barings has announced the final close of its inaugural Target Yield Infrastructure Debt Fund and associated vehicles at US$630 million, exceeding its high-end target of US$500 million.
The Fund intends to invest in social and regulated infrastructure, renewables, transportation and digital infrastructure across OECD countries primarily in North America and Europe. The fund has garnered interest from a global investor base including a mix of public and private pension funds and insurance companies.
Barings view this inaugural fund as a natural evolution of its historical infrastructure debt strategy, which has the potential to expand the firm’s US$14.3 billion-plus Global Infrastructure platform.
Country updates
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August 24, 2022
University of Wisconsin-Superior proposed two mixed use PPP projects in Wisconsin
The University of Wisconsin-Superior has proposed two redevelopment public-private parternship (PPP) projects on its campus located in Wisconsin, USA. The two proposed projects are as follows:...
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August 23, 2022
Ferrovial wins contract for expansion of I-95 highway in North Carolina
Ferrovial has announced that its US construction subsidiary, Webber, has won a US$282.9 million contract for the expansion of the I-95 highway in North Carolina, USA. Under the contract, Webber...
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August 22, 2022
Global Infrastructure Solutions Inc. (GISI) to acquire 100% stake in Hill International
Global Infrastructure Solutions Inc. (GISI) has announced an agreement to acquire 100% stake in Hill International. According to agreement terms, GISI will commence an all-cash tender offer to acqu...
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August 19, 2022
RFI launched for Airside real estate PPP project at Bradley International Airport
Connecticut Airport Authority has launched a request for information (RFI) seeking a private partner for the development of airport airside real estate at Bradley International Airport (BDL) in Windso...
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August 18, 2022
Draft RFP issued for City Hall and Parking Garage PPP project in North Miami
The City of North Miami in Florida, USA has issued a draft request for proposal (RFP) for the development of a new city hall and associated parking garage in North Miami. The project is being procured...
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