IFM Investors partners with Samsung AM
Latest News

IFM Investors partners with Samsung AM

Global fund manager IFM Investors has announced a partnership with Korea-based Samsung Asset Management to create a US$480 million global infrastructure debt fund.


The new fund will target infrastructure assets in Australia as well as countries with a minimum A- sovereign credit rating in North America and Europe, focusing on public private partnerships, power, renewables, utilities and midstream, IFM Investors said.

The company said four Korean institutional investors had invested a combined US$480 million into the new fund, which Samsung Asset Management chief executive Koo Sung-Hoon said would benefit from “ageing infrastructure in developed markets needing replacement”.

“This fund brings together the expertise of IFM Investors in this market and the investment capability of Samsung Asset Management,” Mr Koo said.

“We expect, with this collaboration, to be able to offer stable returns to local institutional investors who are further diversifying their investments to overseas alternatives amid the current low-interest and low-growth investment environment.” 

IFM Investors chief executive Brett Himbury said the company looked forward to working with Samsung Asset Management and was “excited” by the new fund.

“Korea is Australia’s third largest trading partner and this collaboration in financial services is a logical extension of the strong relationship that exists between our two countries,” Mr Himbury said.

“It also benefits Australian investors by providing an additional source of capital from like-minded institutional investors, further increasing access to global investment opportunities and adding to member returns.”

Read more:

Equity markets boost super fund returns

ESG boosting returns, finds SSGA

Smarter Money Investments gets Lonsec tick

Cyber risk a top concern for ASX 100 boards

 

IFM Investors partners with Samsung AM
IFM Investors, Samsung Asset Management, Korea, Australia, Europe, North America, global infrastructure, infrastructure debt, Koo Sung-hoon, Brett Himbury
ID logo
promoted stories

Appointments

Matt Spence

UniSuper recruits Merill Lynch analysts

Staff Reporter

Robert Brown

ACSA hires former director as CEO

Staff Reporter

Sudhanshu Garg

AMP Capital appoints director in Dubai

Staff Reporter

Analysis

investordaily image

Why MiFID II matters for Australia

Gary Stone

investordaily image

Five unconstrained fixed income ideas

Nick Gartside

investordaily image

Getting on board the ‘grey nomad’ caravan

Nick Griffin