North Dakota State Investment Board invests US$140 million in Macquarie Infrastructure Partners IV
North Dakota State Investment Board has approved a US$140 million investment in Macquarie Infrastructure Partners IV, which invests across brownfield infrastructure and related assets in the United States and Canada.
Managed by Macquarie Infrastructure and Real Assets (MIRA), the fund has a target size of US$5 billion. In May 2018, it emerged that the fund's current capital commitments amount to over US$3.84 billion.
The investment is a diversification measure. Currently, around three-quarters of North Dakota State Investment Board's infrastructure portfolio is held in the JP Morgan Infrastructure Investments Fund. The pension fund intends to reduce this exposure.
Country updates
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October 30, 2018
Commercial and financial close for student housing P3 in Indiana, USA
Purdue University, located in West Lafayette, Indiana, has announced that a project to deliver 1,300-bed student housing facilities has achieved commercial and financial close. The university selected...
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October 29, 2018
RFQ launched for student housing PPP project in New Jersey
Rowan University has issued a Request for Qualifications (RFQ) for the design, construction, financing, operation and maintenance (DBFOM) of student residential facilities on its main G...
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October 24, 2018
US$2 billion contract approved for rent-a-car facility P3 at LA airport
Los Angeles World Airports (LAWA) Board of Airport Commissioners (BOAC) has approved a 28-year contract for L.A. Gateway Partners (LAGP) to design, build, finance, operate, and maintain a consoli...
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October 24, 2018
No response from qualified bidder on RFP
The Department of Transportation of Pennsylvania (PennDOT), a US state located in the north-east of the country, had issued a Request for Proposal (RFP) to the single prequalified bidder for the&...
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October 22, 2018
Star America and Fengate-led teams shortlisted for broadband P3 in Georgia
Both Star America Infrastructure Partners and Fengate Asset Management have announced that they have been shortlisted for the Georgia Interstate Broadband Deployment Project, which involves...
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