Kalliope Gourntis
Ever since Oaktree’s Howard Marks sounded the alarm on subscription line financing, criticism has rained down on an established product. Kalliope Gourntis spoke to managers across the private asset classes about how they use the facilities
The state's Treasury has appointed a banker as its first debt manager and tapped a former exec of the University of Connecticut’s endowment as interim investment chief.
Jorge Camiña, until recently head of project and acquisition finance at Santander, has joined the German asset manager’s infrastructure debt team in New York.
The Australian fund manager's investment is secured by a portfolio of six natural gas-fired power plants belonging to US-based Invenergy.
%2080.jpg "AllianzGI sets up US infra debt team")
Hoping to expand its infrastructure debt platform beyond Europe, the asset manager has sent two executives to New York to test the waters.
Two co-heads have been named to succeed Jim Meketa, founder of the US consulting firm, on July 31.
When it comes to infrastructure debt, the consensus is that banks and institutional investors are more likely to be collaborators than bitter rivals.
The Triloma EIG Global Energy Fund will allow individuals to invest alongside institutional investors in privately-originated energy company and project debt.
The Ontario Pension Board has made a $200 million commitment to the Australian manager’s Global Infrastructure Fund, which has a target size of $2 billion.
The Canadian financial services firm has so far raised C$201.5m for Stonebridge Infrastructure Debt Fund II.