New York Life Investments launched Global Infrastructure Megatrends Fund
New York Life Investments has announced the launch of the MainStay CBRE Global Infrastructure Megatrends Fund through a strategic partnership with CBRE Investment Management.
The fund raised US$1 billion in its common share offering with Morgan Stanley, BoA Securities, Raymond James and Wells Fargo acting as lead underwriters. New York Life Investment Management LLC serves as the manager of the Fund and CBRE Investment Management Listed Real Assets LLC serves as the subadvisor.
The MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end fund with the aim to provide a high level of total return. The fund will invest primarily in income-producing equity securities issued by infrastructure companies. The prefered portfolio for investment includes three infrastructure megatrends such as decarbonization, digital transformation and asset modernization.
Country updates
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October 28, 2021
New tender deadline for Rickenbacker Causeway PPP in USA
The County of Miami-Dade has changed the tender's deadline for the Rickenbacker Causeway project in the USA. The project involves the replacement of the Bear Cut Bridge on the four-mile Rickenba...
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October 28, 2021
Crestwood agrees to acquire Oasis Midstream in USD1.8 billion transaction
Crestwood Equity Partners LP and Oasis Midstream Partners LP (Oasis Midstream) have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream. The transactio...
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October 26, 2021
Unsolicited proposal for Riverfront Jacksonville mixed-use PPP in USA
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USD4.5 bn hydrogen project is in planning in Louisiana
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October 21, 2021
Refinancing of USD528 million achieved for River bridges PPP project in USA
East End Crossing Partners, the consortium responsible for the operation of cable-stayed Lewis and Clark Bridge across the Ohio River, executed a US$528 million green bonds offering to refinance its e...
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