POWERED BY MOMENTUM MEDIA
Plenary Group and Pinnacle form new funds management venture
A new funds management, Plenary Investment Management, has been created in a joint venture between Plenary Group and Pinnacle Investment Management.
The fund will provide institutional investors with access to a rising number of social infrastructure prospects in Australia, according to a Plenary Group statement.
The new fund will be capped at $500 million and seeded with a diversified portfolio of existing Plenary Group assets, Plenary Group principal John O'Rourke said.
Social infrastructure is demonstrating to be an appealing option for private capital investment, with its growing global pipeline and the surety of steady payment streams and long-term returns, the group said.
"The new fund is structured to allow investors access to long term opportunities that benefit from Plenary Group's proven capacity to manage assets. At the same time, it will enable Plenary to bid for the largest projects in the market," O'Rourke said.
Plenary Group will retain a majority position in Plenary Investment Management. According to the group, this will ensure consistent management of assets through their lifecycle.
AUTHOR
Corrina Jack
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
