Fundraising

Former KPMG principal joins Australia’s ICG

The mid-market manager has also hired two associates in Melbourne and Sydney at a time when it is seeking to raise A$1bn to fund future deals.

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Infrastructure Capital Group, an Australian fund manager focused on mid-market infrastructure assets, has appointed a new director and two associates in a bid to grow its fund and separate account businesses. 

Edward Lloyd, former principal within KPMG’s direct investments unit, joins ICG as a Sydney-based director. With 15 years of experience advising on infrastructure portfolios and transactions, he will be responsible for developing the firm’s separate account activities, ICG said in a statement. 

“The growing trend towards separate accounts augers well for ICG given our deep expertise in originating, developing, managing and divesting mid-market infrastructure assets across markets,” said ICG chief executive Tom Laidlaw. 

Prior to joining KPMG, Lloyd worked as a director within Colonial First State Global Asset Management’s infrastructure investment division in Sydney and London, after stints at Hastings Funds Management and Macquarie.  

In addition to Lloyd, the firm has also hired two new associates, Adrian Kong and Yaatha Aiyel, to bolster its investment teams in Sydney and Melbourne. They will work across ICG’s Diversified and Energy Infrastructure Trust Funds and its separate accounts which collectively account for more than A$1.5 billion ($1.13 billion; €1 billion) under management, according to the firm.

ICG’s triple hiring follows its investment in Port Hedland International Airport in August 2015 and its sale of ANZ Stadium to the government of New South Wales earlier this year. The firm is also raising A$1 billion from domestic and international institutional investors to fund future acquisitions.