James Fielding launches infrastructure growth fund
By Zoe Fielding
James Fielding Infrastructure (JFI) has launched a growth fund that will primarily invest in the equity and quasi-equity of unlisted infrastructure assets.
JFI chief executive officer and director Alan O’Sullivan said the JFI Growth Fund would focus on investments in new and immature infrastructure assets, and more mature existing infrastructure assets that exhibit the potential for further growth.
O’Sullivan said the funds would be marketed directly to institutional investors, such as superannuation funds, and through private client advisory networks to high-net-worth individuals.
He said the fund would concentrate on Australian-based investments, but also had the facility for up to 20 per cent to be invested offshore.
O’Sullivan said the infrastructure industry is in a temporary lull at present “on the tail end of a big wave of projects that came through the system a few years ago”.
“But there’s a lot of activity in the pipeline … from a medium-term outlook, it looks pretty good,” he said.
JFI is currently evaluating a number of infrastructure investment opportunities, O’Sullivan said. These include several possibilities where it would work with Leighton Group, whose parent company, Leighton Holdings, jointly owns JFI in a 50/50 partnership with Mirvac.
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