IPIF names investment lead, launches capital raise

Specialist unlisted infrastructure fund manager Infrastructure Partners Investment Fund (IPIF) has appointed a new chief investment officer and announced a capital raising.

IPIF appointed Jonathan van Rooyen to the role of chief investment officer.

Van Rooyen joins from Gardior where he was general manager of investments. Prior to that, he was executive director and portfolio manager at Hastings Funds Management.

Sean Kim has also joined IPIF in the role of senior investment analyst.

At the same time as announcing the appointments, IPIF also announced a $100 million capital raise designed to enable smaller investors to access the unlisted infrastructure asset class that it specialises in.

Proceeds from the raise will fund opportunities to expand its flagship fund, IPIF Core, designed to bring institutional-grade assets to private investors.

Existing investors will be prioritised for participation in the capital raise - as well as allowing for new investors in the fund.

IPIF founder and chief executive Nicole Connolly explained demand for the fund has been strong as it is seen by investors as a reliable income option.

"Infrastructure in a portfolio sits between government bonds and equities in terms of risk and return, making it an excellent portfolio diversifier and source of consistent income," Connolly said.

"This capital raising gives us the opportunity to respond to recent high levels of investor demand for access to this attractive asset class."

The capital raise is expected to close by mid-September.

IPIF said interest in the IPIF Core fund has been particularly strong from high net worth individuals and self-managed superannuation funds.

IPIF Core has delivered a performance of 7.9% a year since its inception in January 2016.

The fund is invested in assets including Adelaide, Brisbane, Cairns, Melbourne and Perth airports as well as a number of energy and utilities assets including ElectraNet, First Gas, Pheonix Natural Gas, PowerCo, Sydney Desalination Plant and TransGrid.

Read more: Infrastructure Partners Investment FundJonathan van RooyenNicole ConnollyGardiorHastings Funds ManagementSean Kim
Link to something PBaY7WsN