Toby Mitchenall
The Sub-Saharan Africa-focused fund has attracted commitments from CDC and IFC. It will invest around 50% of its capital in infrastructure-related projects.
The Sub-Saharan Africa-focused fund has attracted commitments from CDC and IFC. It will invest around 50% of its capital in infrastructure-related projects.
F&C and Altamar have both closed funds this week, as they seek to capitalise on emerging secondaries opportunities.
The FIG-focused firm is rounding off 2009 with its fourth acquisition of the year.
The South African firm hopes to raise as much for Fund VI as its $750m predecessor.
The parent company of Istithmar – the private equity platform that owns stakes in Barneys New York, Cirque du Soleil and hedge fund operator GLG Partners – has asked creditors to accept a standstill on its $60bn of debt.
The Hastings Infrastructure Debt Fund III will predominantly lend junior debt to infrastructure projects and businesses in sectors such as utilities, transport, telecommunications and social infrastructure.
Ravi Sinha will leave the firm to be replaced by Flowers’ Australia head David Morgan. The firm has also recruited former UK regulator Sir Callum McCarthy.
Canadian pension plan OMERS is among co-investors in the European venture, which will be led by Tim Flynn, Goldman Sachs’ former European head of leveraged finance.
The British DFI has committed $5m to local manager Manocap.