Chris Josselyn

The US asset manager has bought a 50% stake in three UK wind farms owned by Centrica, the parent company of British Gas.

The group has continued its push into China, setting up a trust company joint venture that will enable it to offer RMB-denominated products in addition to arranging debt and equity financing in the country.

With $5.64bn in commitments, Global Infrastructure Partners is the largest independent first-time infrastructure fund ever organised. Three years after the firm’s launch, the bulk of the fund is yet to be invested, and with markets still in disarray, new investments are difficult to close. But Adebayo Ogunlesi, the man in charge, isn’t in a hurry. Chris Josselyn and Philip Borel find out why.