Timing with National Reconciliation Week, a specialist infrastructure investment manager, Impact Investment Partners (IIP), has launched the Indigenous Infrastructure Investment fund.
It would be the first Australian fund aimed at investing $500 million over five years to fund Indigenous infrastructure, focusing on 15 to 20 direct investments.
Infrastructure investments in regional Australia could deliver both attractive returns and positive social and economic impacts, IIP managing director and Luritja man, Chris Croker, believed.
“The launch of the fund is an important step towards increasing Indigenous direct economic engagement through employment, procurement and leasing from Indigenous landholders,” he added.
“My vision is that the Fund will improve Indigenous economic participation and access to infrastructure services such as reliable electricity, clean and safe drinking water, improved health care and better access to quality education and act as a catalyst for addressing the long-term disadvantage of Indigenous people in Australia.”
Perpetual Corporate Trust (PCT) would be the custodian and wholesale trustee of the fund, which IIP said was due to its commitment to and previous work with Indigenous communities.