Good evening,

There’s another “core-plus” infrastructure asset on the auction block.

Street Talk can reveal private equity firm Anchorage Capital Partners has hired Rothschild & Co to take a look at its two-year-old investment in Rail First Asset Management.

Rail First leases locomotives and wagons, and could be worth $500 million-odd.

That would mean a sweet exit for Anchorage, which spent $250 million buying it not that long ago.

On the ASX tomorrow, VGI Partners and Regal Funds Management are expected to tell investors they need more time to hammer out a deal.

We hear both sides are still keen but Rob Luciano’s new salary as a Regal portfolio manager needs to be set for the deal to proceed.

Elsewhere, Melbana Energy and Helix Resources were stitching up share placements at the weekend, and Allunga Advisory was raising $30 million for construction services and tools marketplace iSeekplant.

Happy reading,
Richard Henderson, Sarah Thompson and Kanika Sood
Street Talk editors