IFM Investors has announced it will make a concerted push into larger scale private equity investments with the appointment of Jeremy Larkin to head the initiative.
Larkin spent 25 years in corporate finance at Deutsche Bank and J.P. Morgan, also working as an adviser to a number of ASX 200 companies including the likes of BlueScope, CIMIC, Cleanaway, Link Group and Qantas.
IFM's head of Private Equity Stuart Wardman-Browne said that the initiative to make larger scale investments was appropriate.
"The longer term focus of industry super funds' and IFM's flexible structures and strategy to maximise members super savings is suited to making longer term investments in market-leading, large-scale businesses. Jeremy Larkin will lead this important element of our private equity strategy to drive member returns."
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"[Larkin] brings extensive experience in originating and executing large-cap M&A transactions, including public-to private. This experience, along with his networks within corporate Australia, complements our existing high quality private equity networks, skills and experience partnering with founders and management teams."
Larkin is the latest addition to IFM Private Equity's investment in talent and capacity over the last 12 months following the recruitment of Bora Han, Adrian Kerley and David Odgers as well as Jonathan Ramasamy.
Larkin said: "I am delighted to be joining IFM and its Private Equity team. IFM has an impressive record of investment and stewardship, and I am very much looking forward to contributing to the growth and diversification of investment opportunities for Australian superannuation funds."