Australian pension fund UniSuper has paid AUD1 billion (US$676.3 million) for a 5% indirect stake in Vodafone's infrastructure spin-off Vantage Towers.

UniSuper made its first unlisted infrastructure investment in Europe by investing in Vantage Towers through KKR, an investment company. Along with Global Infrastructure Partners (GIP), KKR was part of the consortium that invested in Vantage Towers. Vantage Towers manages a portfolio of more than 83,000 sites across ten European markets, including Spain, Italy, Germany, and the UK.

UniSuper sees this investment as a robust and secure infrastructure investment with significant potential for growth. It enhances UniSuper's private markets portfolio of around US$15 billion and has the potential to generate outstanding outcomes for its members over the long term.