Opportunistic B&B raises more capital

australian-securities-exchange/chief-executive/

8 May 2008
| By Mike Taylor |

Babcock and Brown has moved to boost its investment in North American infrastructure with an additional capital raising.

The company told the Australian Securities Exchange today that it had raised an additional US$450 million of committed capital for infrastructure investment opportunities in the North American markets.

It said this had brought the capital raised for investment in North American infrastructure projects to approximately US$1.85 billion.

Commenting on the move, Babcock and Brown chief executive Phil Green said the increase in capital commitments demonstrated ongoing support for the company’s specialised fund and asset management platform by global investors.

“We continue to see attractive opportunities in the infrastructure sector and our demonstrated ability to [pursue] these opportunities despite the constrained capital market environment places us in a strong position to continue to expand our specialised funds management platform,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS