Sun Life completed acquisition of 80% stake in InfraRed Capital Partners
Sun Life Financial Inc. announced the completion of its majority stake acquisition of InfraRed Capital Partners. Headquartered in London, U.K., InfraRed is a global infrastructure and real estate manager. InfraRed advises institutional and pooled fund Clients on approximately US$ 12 billion in assets under management, as of March 31, 2020.
InfraRed will be part of SLC Management, Sun Life's alternatives asset management business. The acquisition will broaden SLC Management's investment solutions for institutional Clients to include infrastructure equity and advance sustainable investment options. InfraRed's global infrastructure capabilities are highly complementary to SLC Management's platform of public and private fixed-income investments.
With the transaction close, Sun Life acquires an 80% interest in InfraRed. InfraRed's owners have a put option to sell their remaining interest to Sun Life in 2024 and Sun Life has the option to call any remaining interest by the end of 2025.
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