TPCG rebrands to Gardior
Infrastructure investment house, The Private Capital Group (TPCG), has rebranded to Gardior to attract new investors and investment opportunities.
Gardior is trustee of The Infrastructure Fund (TIF) and its strategy is to create an expanding and diversified portfolio of established Australian and international infrastructure assets, its chairman, Bob Lette, said.
"The time for change felt right given the increased attention being placed on infrastructure. Domestic and international investors see the potential, governments see the need, and new opportunities and competitors are emerging within the industry," Lette said.
"In adopting the new Gardior brand, we are firmly stating to the market our intention to grow by identifying quality infrastructure investments and attracting institutional investors seeking exposure to key return-generating assets."
Lette noted Gardior has attracted its first international investor, South Korea's $8.6 billion Military Mutual Aid Association. This is in addition of new assets Port of Newcastle and Porter Broook (UK) within the last 18 months.
Lette said the firm's strategy has already yielded strong returns "as evidenced by the sale contract executed for TIF's interest in Freeport LNG recently, crystallising an annualised asset return of over 40 per cent on financial close".
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