Palisade has announced in its quarterly investor update (June 2015) that it has raised new commitments of A$301 million (US$223 million) .

The new commitments comprises:

• A$63 million for Palisade's Diversified Infrastructure Fund from two state government authorities
• A$200 million under a new direct investment mandate from an Australian industry superannuation fund
• A$13 million additional commitments from existing direct investment mandate clients
• A$25 million from a family office that has invested in Regional Livestock Exchanges

These commitments bring Palisade's total funds under management to A$2.0 billion (US$1.48 million) at the end of June 2015.

During this period Palisade has expanded its team with the appointment of Andrew Turner on 1 July 2015. Andrew joins Palisade's investment operations team with three years' business experience at Pinnacle Investment Management. Andrew has a Bachelor of Commerce, a Bachelor of Applied Finance and a Masters of Commerce from Macquarie University.

Palisade is currently progresing in the acquisition of the Port Hedland International Airport which is being privatised under a long term lease from the Town of Port Hedland. The firm has a strong pipeline of other opportunities at various stages of due diligence including renewable energy, power, water, waste, social infrastructure and agri-infrastructure opportunities.

The firm has also announced that its Australian Social Infrastructure Fund (PASIF) has reached the size of A$171.3 million, including A$17.6 million in undrawn commitments.

See Palisade's quarterly investor update (June 2015):