POWERED BY MOMENTUM MEDIA
IFM appoints investment director
Industry Funds Management (IFM) has expanded its direct investments group with the appointment of Ashley Barker as investment director.
Barker will focus on identifying and executing investment opportunities for IFM's new direct investments business.
"Ashley's breadth of experience in mergers and acquisitions and principal investment will enhance our investment team," said Phillip Bower, head of direct investments at IFM.
"He will form an integral part of fulfilling our mandate of value creation through active ownership of businesses across the full investment lifecycle."
Barker spent 13 years in the mergers and acquisitions and private equity sectors. He joined IFM from Bupa Australia, where he was head of mergers and acquisitions.
Prior to this, he was investment director at Hastings Funds Management for eight years, where he was responsible for investments across the full private equity transaction lifecycle.
IFM's Direct Investments business seeks untapped opportunities, aiming to invest directly in solidly performing businesses in the $250—500 million middle-market sector.
"We see these assets across a wide range of sectors including ‘infrastructure-like' areas such as waste-management, transport, healthcare and other essential business services," said Bower.
Barker will be located in Sydney and report to Bower.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
The $149 billion fund has named new directors following the departure of three outgoing board members.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
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(%)
