Indigenous infrastructure the focus of recently launched fund

Indigenous-community/infrastructure/launch/new-fund/Perpetual-Corporate-Trust/

31 May 2019
| By Hannah Wootton |
image
image
expand image

Timing with National Reconciliation Week, a specialist infrastructure investment manager, Impact Investment Partners (IIP), has launched the Indigenous Infrastructure Investment fund.

It would be the first Australian fund aimed at investing $500 million over five years to fund Indigenous infrastructure, focusing on 15 to 20 direct investments.

Infrastructure investments in regional Australia could deliver both attractive returns and positive social and economic impacts, IIP managing director and Luritja man, Chris Croker, believed.

“The launch of the fund is an important step towards increasing Indigenous direct economic engagement through employment, procurement and leasing from Indigenous landholders,” he added.

“My vision is that the Fund will improve Indigenous economic participation and access to infrastructure services such as reliable electricity, clean and safe drinking water, improved health care and better access to quality education and act as a catalyst for addressing the long-term disadvantage of Indigenous people in Australia.”

Perpetual Corporate Trust (PCT) would be the custodian and wholesale trustee of the fund, which IIP said was due to its commitment to and previous work with Indigenous communities.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND