Our approach to investing

We invest in the infrastructure that underpins everyday life and delivers reliable income with growth potential across all market cycles.

Our investment principles

These five principles have defined how capital is allocated and how risk is managed.

OUR STRATEGIES

We invest across the full risk-return spectrum

We have funds that perform for every type of investor – whether you're seeking stable income with downside protection, long-term growth with higher upside potential or a balance of both.

Explore our funds

Super-core

Regulated or fully contracted assets with low volatility and high cash distribution characteristics.

6% to 8% p.a. return

Core

Monopolistic critical infrastructure such as regulated assets with strong downside protection and growth potential through GDP-linked revenues.

10% to 12% p.a. return

Core-Plus

Assets with higher sensitivity to the economic cycle and exposure to demand fluctuation.

11% to 15% p.a. return

Value-add

Unregulated assets that may require development or construction, offering outsized return potential with greater volatility.

15%+ p.a. return

Lower risk-return

Higher risk-return

Our risk management framework

Risk is central to everything we do and underpins our track record of investing. Our framework is built on rigorous bottom-up due diligence – scrutinising risk and evaluating the long-term fundamentals that drive value.

We analyse every opportunity against our fund parameters, portfolio construction and the alignment of the risk-return profile to investor objectives. We commit capital only when the return justifies it.

We are highly active in monitoring our investments which enables us to identify and address potential issues before they arise.

Robust governance and oversight are provided by our Investment Advisory Committee, comprising senior financial services professionals who review every investment prior to board approval.

Asset examples

Fleet Data Centers I

A 400MW hyperscale data centre campus in Reno, Nevada.

AusNet

An Australian energy company which owns and operates Victoria's largest network of electricity and gas infrastructure.

Royal Adelaide Hospital

The 800-bed hospital is one of Australia's most advanced hospitals and energy-efficient medical facilities.

ElectraNet

Operates South Australia's high voltage transmission network which transports electricity over long distances from traditional and renewable generators.