Australian superannuation and financial services company Future Group is partnering with UK-based Aberdeen Investments to invest in sustainable infrastructure globally.
Future Group will also allocate to the asset manager’s Global Sustainable Infrastructure strategy, the two parties said in a statement.
Aberdeen Investments’ infrastructure strategy focuses on greenfield concession and public-private partnership-driven investments. It targets critical infrastructure projects across Australia, New Zealand, the Americas, and Europe that support public services, enhance social mobility, and decarbonisation.
To that end, the partnership between Future Fund and Aberdeen Investments is expected to invest in low-carbon infrastructure, affordable housing and healthcare, and clean transport.
Future Group has more than 400,000 members and oversees more than A$13 billion in funds under management.
Listed on the London Stock Exchange, Aberdeen Investments manages some 383 billion pounds for clients that include pensions and insurers, as well as family offices and wealth managers.
In June last year, it launched Global Sustainable Infrastructure Partners IV LP. The fund’s stated objectives are to invest in social and economic infrastructure projects that are underpinned by long-term secure government contracts, or long-term offtake agreements.
The latest fund is expected to write cheques between $25 million and $300 million each, and to hold 8-10 assets in a portfolio diversified across sector and geography.
Aberdeen Investments’ earlier infrastructure funds—the 2013-vintage Global Infrastructure Partners 1 and 2014-vintage Global Infrastructure Partners II—are understood to have outperformed a global market benchmark in terms of multiple of invested capital and net IRR.
