Strategy

The Infrastructure Fund is facing a large redemption queue as merging Australian superfunds seek to rebalance portfolios.

HSBC AM’s energy transition team, which it took on when acquiring Green Transition Partners in January 2023, has invested in Tekoma Energy.

The two Michaels – Bessell and Cummings – talk about integration, the synergies between infra and real estate, and the strength of the Australian market.

Betting on Vietnam’s need for logistics and transport to accommodate its economic growth, the two partners will jointly invest between $250m and $300m in four to five assets.

GPIF head of infra Kikuko Emae said ‘larger funds with stable track records' would be the main area of focus for LP commitments.

The proposed merger of IFM Investors and ISPT is the latest in a string of examples of GPs seeking to combine infra and real estate strategies.

The Australian superfund-owned managers would combine infra and property expertise, but stakeholders say they have distinct governance arrangements that will be hard to reconcile.

Clean Energy Finance Corporation has committed A$80m to SAF II, with PEP set to help portfolio companies make decarbonisation plans.

‘From pension plans for pension plans’ is the IST Investment Foundation’s slogan. Members of its infra team demonstrate what that means, charting the co-operative investment manager’s journey to date.

Infrastructure projects are key to place-based impact investing fulfilling its potential.