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.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
