IFM Investors related stories
All articles and analysis
Australia's Endeavour Energy attracts at least three indicative offers: ReutersAustralian state-owned power grid Endeavour Energy has attracted indicative offers from at least three bidding groups comprised of local and foreign investors, sources told Reuters. A majority stake in the utility is expected to fetch at least A$4 billion (US$3.07 billion). The bidders are said by sources to be Macquarie Group, which has teamed up with Canada's British Columbia Investment Management Corp, a consortium led by Queensland Investment Corp that includes Canada's Borealis Infrastructure, and a consortium led by Hastings Funds Management that includes Canada's Caisse de dépôt et placement du Québec.
IFM Investors adds two business development directorsIFM Investors today has hired Joe Tremblay and Dan Kim as business development directors in North America. Previously, Tremblay worked at Talara Capital Management where he served as director of marketing while Kim is a former associate partner for Aon Hewitt Investment Consulting’s global private equity and infrastructure group.
- Australia superfund pondering offshore move
UniSuper, a shareholder in Adelaide and Brisbane airports, could look to invest overseas 'sooner rather than later' as its assets under management start outgrowing its domestic market.
- Platina Energy refinances U.K. wind farms
Platina Energy Partners LLP said May 18 that it secured 28 million pounds ($40.37 million) of new funding to refinance their 28 MW Danu II wind farm portfolio. This consists of two operational 14MW on-shore wind farms in the UK.
- CalPERS makes first direct investment in US transport
IFM has sold a 10% stake in the Indiana toll road to the US pension and an undisclosed stake to Allstate.
- CalPERS buys 10 percent share of toll road operator in Indiana: Reuters
California Public Employees' Retirement System said it bought a 10 percent share of the Indiana Toll Road Concession Co LLC (ITRCC) from fund manager IFM Investors, marking its first investment in U.S. transportation, Reuters News reported.
- IFM appoints chief economist
Melbourne-based IFM Investors hired Alex Joiner as chief economist from Bank of America.
Borealis Infrastructure among bidders for Australia's Port of MelbourneThree consortia of Australian and international funds have submitted bids for a 50-year lease of the Port of Melbourne, Australia's biggest shipping container terminal, sources told Reuters. The state government of Victoria aims to raise at least A$5.3 billion (US$4.1 billion) before the end of 2016, as part of a broader Australian government privatization program to help cut debt and upgrade the country's infrastructure. Canada's Borealis Infrastructure Trust is a member of one of the bidding groups, the sources said.
- IFM to sell Essential Power to Carlyle
The Carlyle Group has agreed to acquire Princeton, New Jersey-based Essential Power, a 1,767 net MW power generation portfolio. The seller is IFM Investors. No financial terms were disclosed.
Roads to riches?LPs have pumped $22 billion into infrastructure funds since 2014, chastened by some big failures following the global financial crisis.