The ANZ Bank’s Infrastructure Services group (ANZIS) has raised another $115 million from super funds for its Energy Infrastructure Trust, understood to include all of the funds which subscribed to its initial $51.5 million raising in 2003.
The open-ended trust targets developments below $500 million for energy generation, currently including a wind farm near Ballarat, a biodiesel company from Albury-Wodonga, a power station and gas pipelines in Esperance, and a steam plant providing power to dairy farms in the Goulburn Valley. Returning investors from the first ANZIS raising are understood to include Military Super, Catholic Super, Cue Super, Select Asset Management, WA Local Government Super, the Worsley Alumina corporate fund, the Archdiocese of Perth fund, and the Australian National University endowment, according to a source at one of the investors. One of two new investors is TWU Super, which has committed $25 million. TWU Super investment chief, Andrew Killen, said the trustees were impressed by the deal flow generated by ANZIS, as well as the trust’s exposure to the growing alternative energy sector. ANZ is the largest project bank of Australia’s ‘big four’.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
