Palisade raises $301 million in new commitments
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):
http://infrapppworld.com/wp-content/uploads/Palisade-Infrastructure-Quarterly-Jun15-F.pdfCountry news
-
-
July 30, 2015
Angel Muriel appointed CFO of CIMIC
CIMIC Group, an international contractor, has announced the appointment of Angel Muriel as Chief Financial Officer (CFO). Read more -
July 31, 2015
Three teams shortlisted for Darwin Port lease
The Northern Territory Government, Australia, has shortlisted three teams for the lease of the Darwin Port for 99 years. Read more -
July 31, 2015
Legg Mason announces acquisition of RARE Infrastructure
Legg Mason has agreed to acquire a majority equity interest in RARE Infrastructure, Ltd., an investment firm headquartered in Sydney, Australia. Read more -
August 07, 2015
QIC announces first close of first infra fund
QIC has announced the first close of the QIC Global Infrastructure Fund (QGIF) at 50 per cent of target after raising more than A$1 billion of new capital for its Global Infrastructure platform. Read more -
August 12, 2015
Brisbane's troubled Airport Link tunnel to be sold
BrisConnections, the team that won the PPP contract for the Brisbane's Airport Link tunnel in Queensland (Australia), has announced the schedule for its sale. Read more
