Australian Infrastructure Fund Managers

by Elliot Bradbrook

  • 19 Jul 2011
  • INF

Preqin is currently tracking 16 Australia-based infrastructure fund managers that are either currently raising an infrastructure fund or have done so in the past.  21 unlisted closed-end unlisted infrastructure funds have been raised by Australian fund managers, raising an aggregate $25bn.  There are currently nine unlisted infrastructure funds on the road managed by Australia-based GPs targeting $10.7bn.

61 infrastructure funds have been launched in total by Australian GPs including traditional private equity infrastructure funds, open-ended, semi open-ended and evergreen vehicles.  50% of total funds launched are open-end vehicles, 31% are closed-end funds, while 13% are semi open-ended and 6% are evergreen funds.  The largest proportion of Australia-based GPs (69%) are located in Sydney, while managers located in Melbourne account for a further 25% and one firm is based outside of these two cities.

The majority of Australian fund managers will target a range of project stages within their portfolios. 75% of Australian infrastructure fund managers will invest in greenfield stage projects, and 56% will consider investing in brownfield and secondary stage projects separately.

Macquarie Infrastructure and Real Assets (MIRA) is the most significant Australia-based infrastructure fund manager, having raised $20.4bn in institutional investor capital through its diverse range of offerings.  Other significant Australian managers include AMP Capital Investors and Hastings Funds Management.

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