Christie Ou
The investor sees ‘a blurring of investment opportunity classification across the two asset classes,’ says head of mid-risk Jason Peasley.
The Singapore-based firm has expanded into third-party management in infrastructure, with more fundraises planned for later this year.
The firm has hired a former real estate executive from Macquarie ahead of making its first direct investments and opening a potential office in the country.
The decision from majority-owner Sun Life will see InfraRed’s European real estate platform sold, while its Asia platform will be merged with Sun Life’s main private real estate business.
The Brookfield-backed firm, rebranded from BIFIN, will expand its capital solutions offerings with a plan to make up to 40 new hires in the next 12 to 36 months across regions.
ADIA is the largest investor in the vehicle with additional commitments made by other global institutional investors and the firm's flagship fund.