IFM raises $2.15bn for EMEA infra

IFM Investors has raised $2.15bn in infrastructure equity and debt for Europe and the Middle East between July 2016 and September 2017.

The firm invested $1.7bn of the raised capital in its global portfolio of core equity infrastructure assets, with the remaining $430m in infrastructure debt. 

Annabel Wiscarson, executive director at IFM Investors, said: “Our investors find our open-end infrastructure equity structure particularly appealing. Not only can they see the assets they are investing in, but they also recognise how an open-end structure means we don’t have to divest from assets at pre-determined points in time, and rather, can own and manage assets responsibly for decades.” 

Investors from 29 from across the EMEA region contributed capital, including insurer Nordea Life & Pensions, Dutch pension fund Stichting Pensioenfonds voor Fysiotherapeuten and Barnet Council Pension Fund in the UK.

The EMEA-raised capital is part of $6.5bn, which the group raised globally during the same period. 

Wiscarson added: “From UK local authority and private company pension schemes, to those based in continental Europe, institutional investors recognise the increasing appeal of infrastructure equity and debt as potential sources of uncorrelated returns to other asset classes that can effectively match long-term liabilities.” 

IFM Investors has recently entered into a share purchase agreement for 100% of the share capital of OHL Concesiones.