While the amount of dry powder ready to invest in infrastructure assets piles up, putting money to work is proving to be somewhat of a challenge. The infrastructure investor community has seen some significant competition on all fronts.
Firstly, there is the re-emergence of significant fund-raising activity where even the ‘big boys’ are going head-to-head to secure long-term commitments from institutional investors. In some instances,
placements are being allocated beyond 18 months in the future for both listed and unlisted funds.
As a result, over the course of 2018 we have witnessed a flurry of refinancing activity of existing assets in operational stages as well as development stages, and increasingly in non-traditional jurisdictions (which we refer to later) for many of these funds.
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For more information, please contact Rishin Patel, Director at JCRA on 0207 493 3310, or email Rishin.Patel@jcrauk.com.