Infrastructure Partners Investment Fund (IPIF)
Unlisted infrastructure investment manager, Infrastructure Partners Investment Fund (IPIF), has opened up its (previously closed) IPIF Core fund to new investors, as it seeks to raise an additional $70 million in capital to expand the range of assets it invests in.
The fund is designed for high-net-worth individuals, self-managed super funds (SMSFs) and smaller institutional investors.
IPIF executive director, investments, Nicole Connolly said that while there is high demand for infrastructure investments, unlisted infrastructure had been notoriously difficult to access for smaller investors.
“IPIF Core was created in early 2015 in response to this demand, opening up an opportunity for smaller investors to benefit from the attractive mix of income, capital growth and stability that infrastructure assets can provide, in a low-cost structure," she said.
“Private sector investment in infrastructure [is] key to contributing to economic growth in Australia, easing the pressure on our larger cities and on the public purse," she added.