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Australia : CFSGAM plans for second global infrastructure fund.

Colonial First State Global Asset Management (CFSGAM) is seeking its second global infrastructure fund.

The Sydney-located manager, claimed by Australias largest bank, Commonwealth, is seeking to mount AUD3.1bn (2bn) for the vehicle.

CFSGAM is hoped to commence preparations for the new fund, to be called as the European Diversified Infrastructure Fund 2, or EDIF 2, in its present fiscal year ending 30 June.

EDIF2 is now under consideration, and we are sounding out the market with current and prospective investors, said Perry Clausen, global head of unlisted infrastructure at CFSGAM.

CSFGAM, that handles most AUD 200bn on behalf of organizational investors, pension funds and different clients, runs a large suite of funds, comprising its 15-year European Diversified Infrastructure Fund (EDIF) 1.

The choice to unveil EDIF2 follows the last close of EDIF1.

It mounted its hard cap of 2bn, surpassing the goal fund size of 1.5bn, in January a year ago.

In that raising, EDIF1 gained 721m of more devotions over a 6-month phase.

Around 50 European, Asian and North American organizations, comprising insurance companies, pension funds and sovereign wealth funds, endowed in EDIF1.

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Publication:Mena Report
Date:Jan 14, 2016
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