IPIF announces $100m capital raising
Unlisted infrastructure fund manager, Infrastructure Partners Investment Fund (IPIF) has announced $100 million capital raising to further invest into unlisted infrastructure to enable smaller investors access to this asset class.
The proceeds would go towards two existing investments and would help expand the range of unlisted infrastructure assets in its flagship fund, IPIF Core which was designed to bring institutional-grade assets to private investors, high net worth individuals (HNWIs), self-managed super funds (SMSF) and other sophisticated investors, the firm said,
“Infrastructure in a portfolio sits between government bonds and equities in terms of risk and return, making it an excellent portfolio diversifier and source of consistent income,” IPIF founder and chief executive, Nicole Connolly, said.
“This capital raising gives us the opportunity to respond to recent high levels of investor demand for access to this attractive asset class.
“Interest had been particularly strong from HNWIs and SMSF trustees, financial planners and wealth managers.”
The fund, which returned 7.9 per cent a year since inception in January, 2016, already holds assets including Adelaide, Brisbane, Cairns, Melbourne and Perth airports, Interlink Roads and a number of other energy and utilities assets.
AUTHOR
Oksana Patron
Recommended for you
The “experiment” away from vertical integration has been a mistake, according to Clime’s Michael Baragwanath, and Clime is positioning to benefit via advice and fund manager acquisitions.
JP Morgan Asset Management has identified Australia as an “emerging growth market” as it seeks to double its assets under management in the Asia-Pacific region in the next five years.
Australian Ethical funds under management were $14.3 billion at the end of September, with its investment division seeing inflows return after outflows in the previous quarter.
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
