Citigroup is reportedly joining a growing number of firms looking to capitalize on the vital need for infrastructure investment. The bank, which is targeting utility and airport assets, is seeking as much as $5 billion for its first infrastructure fund, according to Bloomberg. Back in May 2007, Citigroup Alternative Investments announced the creation of a new [...]
Profits for UAE banks jumped 23% in 2007, according to a report by Business 24-7, citing research compiled by Global Investment House. The report states that banking assets have grown across the board in the UAE which has enabled rapid credit expansion to households, corporations and public and quasi-public enterprises. Abu Dhabi, in particular, is [...]
Despite fallout from the credit crunch, private equity remains attractive. That’s according to a new report from the Boston Consulting Group (BCG). Regardless of a recent rash of bad publicity, BCG says the asset class is just not as gloomy as it seems. Two reasons behind the optimism: the fact that private equity firms are [...]
Latin America’s commodity boom is helping drive the growth in infrastructure. “Anything related to commodities is driving projects, and driving opportunities. Latin America has grown at an average rate of nearly 5% for five years in a row, and we believe that the region is ready to - and must - triple its investment in [...]
The United Arab Emirates has broken ground on what it calls the world’s first carbon-free city. Situated in Abu Dhabi, the 2.3-square mile, zero-carbon, zero-waste, car-free city is known as Masdar (”the source” in Arabic). Masdar CEO, Dr. Sultan Al Jaber, says the total development budget for the city is $22 billion. Of that investment [...]
Sovereign wealth funds (SWFs) are increasing compensation packages to attract the talent needed to manage their expanding portfolios. According to a recent FT report, the move by sovereign wealth funds to recruit their own experienced investment professionals reflects a shift from investing their money via third-party managers to investing it directly themselves. The FT contends [...]
The Pennsylvania Turnpike Commission has voted to seek private bids for toll projects, specifically the construction and management of 50 miles of new roads that comes with a price tag of nearly $5.2 billion. House Transportation Committee Chairman, Joseph Markosek, (D-Allegheny/Westmoreland) believes public dollars alone will never be enough to complete the project, given the [...]
Barclays Capital is investing heavily in Asia and plans to boost its staff in the region as well as in the U.S. significantly, according to a Dow Jones Financial News report. The report states that Barclays Capital will focus on building its derivatives and commodities business. But Barclays is just one several banks bullish about [...]
Private Equity funds investing in emerging markets raised $59 billion in fresh capital last year a staggering 78% increase over the $33 billion raised in 2006, according to the Emerging Markets Private Equity Association (EMPEA). The EMPEA says fund sizes in 2007shattered records and hit historical highs across multiple regions Fund growth also expanded to [...]
Rising energy prices and concerns over climate change have led to increasing investment focus on alternative energies. A new survey conducted by Private Equity News shows they are going after alternative energy and infrastructure investment - sectors in which they have not traditionally been active - in order to bolster returns threatened by the credit [...]
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