Pinnacle to launch infrastructure fund in Australia for BNY Mellon
Pinnacle has partnered with BNY Mellon Investment Management to launch a global listed infrastructure yield fund. The fund will give Australian investors access to a domestic version of BNY Mellon Investment Management’s global infrastructure yield fund.
Pinnacle, which distributes and markets managed funds on behalf of boutique fund managers, has agreed to create a retail version of the US fund for BNY Mellon IM. Pinnacle Fund Services, which is fully owned by Pinnacle, will be the responsible entity of the fund.
The fund will be sub-managed by BNY Mellon Asset Management. It will hold approximately 20–40 securities and intends to apply the same approach as the existing offshore portfolios managed by the BNY Mellon IM, equivalent to $1.7 billion.
Country updates
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August 10, 2018
Private partner sought to deliver smart street lighting in Florida town
The Town of Longboat Key, located on the central-west coast of Florida, has issued a Request for Proposals (RFP) for the delivery of high-tech, connected smart street light, and smart poles to the str...
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August 10, 2018
Infrastructure and Energy Alternatives agrees to acquire Saiia and ACC Companies
Infrastructure and Energy Alternatives (IEA) has announced an agreement to acquire Saiia and the ACC Companies in an all-cash transaction for US$145 million (subject to customary adjustments...
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August 07, 2018
Advisors set timetable for airport privatisation in St Louis
Representatives of the city government, the airport commission and a team of advisors have drafted an 18-month schedule for the implementation of a public-private partnership (P3) to operate St....
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August 06, 2018
HDR completes acquisition of David Ford Consulting Engineers
HDR has announced that it has acquired David Ford Consulting Engineers, which specializes in hydrology, water hydraulics, flood risk analysis, and other water-related services. The company will now bu...
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August 03, 2018
Dalmore and Equitix secure acquisition of John Laing Infrastructure Fund
The boards of directors of John Laing Infrastructure Fund (JLIF) and Jura Acquisition, a newly formed company owned by a consortium jointly-led by funds managed by Dalmore Capital and Equitix Inv...
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