Industry Funds Management has hired two Macquarie executives to lead its fundraising and business development efforts in New York and London ahead of a push to make “additional infrastructure investments” around the world, the firm said Monday.
Macquarie senior managing director Brian Clarke joined IFM as executive director of business development for North America, based in New York. Macquarie senior vice president Annabel Wiscarson joined IFM in London for the same position, focused on the UK and European markets.
At IFM, they will both focus on managing IFM’s fundraising, business development and building relationships with investors and asset consultants in North America, continental Europe and the UK, IFM said in a statement.
The hires are aimed “to support the firm’s strategic plans to make additional infrastructure investments in North America, Europe and Australia”, IFM said.
The Melbourne-based asset manager has already had a busy year on the investment front. In November, IFM was a 27 percent shareholder in a consortium that won an auction for the Port of Brisbane for A$2.1 billion (€1.5 billion; $2.1 billion).
Earlier in the year, the firm acquired a 40 percent interest in 50Hertz Transmission, a German electric grid operator, as part of an €810 million deal that gave its partner Belgian transmission operator Elia the remaining 60 percent. In July IFM also agreed to buy a 40 percent stake in Dalkia Polska, a Polish supplier of heat and electricity, in a deal that values the firm at $1.3 billion.
The Australian asset manager, owned by a group of 35 Australian pension funds, has been investing in infrastructure since 1995. IFM has invested $8.5 billion in infrastructure across 43 transactions, according to its statement.
Including its private equity, debt and listed equity portfolios, IFM manages over $27.6 billion on behalf of its investors.