TIF ATTRACTS MAJOR OFFSHORE INVESTOR

TIF ATTRACTS MAJOR OFFSHORE INVESTOR

THE Infrastructure Fund (TIF) has secured its first offshore backer, with an investment worth $43 million.

The Foreign Investment Review Board approved the deal between South Korea’s Military Mutual Aid Association (MMAA) and the industry super fund last month.

Hastings Funds Management initiated the investment for TIF, overseen by trustee The Private Capital Group Pty Ltd (TPCG).

TPCG chairman Bob Lette (pictured) says the relationship made sense strategically.

“MMAA was attracted by TPCG’s like-minded investment approach – delivering investors consistent, sustainable and above-benchmark returns through an expanding and diversified portfolio of infrastructure assets,” Lette says.

“In the end, TIF’s strategic approach, governance structure and return track record give MMAA the confidence that we can deliver what they need.”

KB Asset Management is advising MMAA, a defence ministry fund of $8.6 billion.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Business success comes from thinking inside the box for TAXIBOX founder
Partner Content
On a first glance, the world of storage solutions might not seem particularly exciting ...
TAXIBOX
Advertisement

Related Stories

Will philosophy and ‘counterfactuals’ help us unlock the mysteries of AI?

Will philosophy and ‘counterfactuals’ help us unlock the mysteries of AI?

Artificial intelligence is increasingly being rolled out all around...

ACCC launches probe into misleading social media influencer posts

ACCC launches probe into misleading social media influencer posts

Australia's consumer watchdog is cracking down on social media ...

Takeover talks reignited between Tyro and Potentia Capital

Takeover talks reignited between Tyro and Potentia Capital

Talks of a potential takeover are back on between Sydney-based Tyro...

Go1 acquires AI-powered ed-tech Anders Pink

Go1 acquires AI-powered ed-tech Anders Pink

Queensland-based Go1 has this week acquired a UK ed-tech partner fo...