Skip to main content

Year Founded: 2004

AUM: $200.00B | Dry Powder: $4.99B
Level 29 Casselden, Melbourne, Victoria 3000, Australia
IFM Investors provides investment services to institutional investors across infrastructure, debt investments, listed equities and private equity. It seeks investments that make sense on a risk-return basis for like-minded, well-capitalized institutional investors, which include pension & non-pension funds, government entities, etc.

Key Contacts

  • David Neal
    Chief Executive Officer
  • Esperanza Cerdan
    Chief Risk Officer
  • Lounarda David
    Chief Operating Officer

Investment Preferences

  • Preferred Industries
    Energy Services, Media, Other Business Products and Services, Other Energy, Other Financial Services, Utilities, Commercial Services, Commercial Transportation, Communications and Networking
  • Geographical Preference
    Australia, Europe, New Zealand, North America
  • Preferred Deal Types
    Buyout/LBO, PE Growth/Expansion, PIPE
  • Other Investment Preferences
    • Seeks ESG investments
    • Seeks Impact investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Investors Infrastructure Debt Fund
Vintage: 2017

Size:  $480.0M

Dry Powder: $31.2M

Details: The fund invests in energy and infrastructure sector

City of London Separate Account
Vintage: 2013

Size:  $71.5M

Dry Powder: $4.65M

Details: The fund targets commercial transportation, commercial services, infrastructure etc.

IFM International Private Equity Fund III
Vintage: 2007

Size:  $545.0M

Dry Powder: $35.9M

Details: The fund targets to invest in commercial services, B2B, infrastructure and industrials sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In June 2022, IFM Investors through its open-ended IFM Net Zero Infrastructure Fund (IFM NZIF) agreed to form a partnership with Italian company San Quirico to acquire and hold a 62.5% stake in ERG, the leading onshore wind power operator in Italy. IFM will acquire an initial 35% stake in the new holding by investing €1 billion, with the possibility of increasing its stake by investing a further €500 million

In March 2022, IFM Investors and QIC jointly led a new renewable energy program which aims to help reduce electricity costs and greenhouse gas emissions at key Australian airports, ports, energy utilities, roads and hospitals. Renewable Energy Hub, utilising their CORE Market software platform, designed and executed the scheme of large-scale power-purchase agreements, which will be delivered in three stages; and estimated the project will facilitate the supply of more than 400GWh of renewable energy per annum by 2025

In October 2021, IFM Global Infrastructure Fund (“IFM GIF”) managed by IFM Investors Pty Ltd completed the acquisition of 10.83% stake in Naturgy Energy Group, S.A. for €2.32 billion. Through this acquisition IFM GIF would become a significant shareholder in Naturgy. Naturgy is a Spanish multinational natural gas and electrical energy utilities company, which operates primarily in Spain

In April 2021, IFM Investors portfolio company Buckeye Partners and Nala Renewables combinedly acquired majority ownership in clean energy development investment platform called Swift Current Energy. The consortium took 85% stake in the Boston-based Swift Current Energy, which has developed a gigawatt of renewable projects since it was established in 2016 and has a 6GW pipeline of solar, wind energy and energy storage projects

In October 2020, Colonial Pipeline completed the acquisition of three refined product terminals from Lincoln Terminal Company, Inc., via its financial sponsors Caisse de dépôt et placement du Québec, IFM Investors, Kohlberg Kravis Roberts and National Pension Service, for an undisclosed amount

In September 2020, Trafigura Group Pte. Ltd. and IFM Investors formed a joint venture to form a new company, Nala Renewables, to invest in a series of solar, wind and power storage projects globally. Nala Renewables aimed to build a portfolio of renewable energy projects with a cumulative capacity of 2GW to be operating, in construction or in late-stage development, within the next five years

In November 2019, IFM Investors Pty Ltd. completed the acquisition of US petroleum distributor Buckeye Partners, L.P. IFM Investors made the announcement to acquire Buckeye in May 2019 in an all-cash deal worth $10.3 billion in enterprise value and $6.5 billion in equity value. Buckeye’s assets include 6,000 miles of pipeline, with over 100 delivery locations and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels, and a network of marine terminals located primarily in the East and Gulf Coast regions of the United States, as well as in the Caribbean

Other Details

IFM manages funds across four asset classes namely-Debt Investments (A$62.9 billion), Listed Equities (A$42.6 billion), Infrastructure (A$98.9 billion) and Private Equity (A$1.2 billion). The firm has offices in Melbourne, New York, London, Sydney, Berlin, Tokyo, Hong Kong, Seoul, Zurich and Amsterdam. It has 631 institutional investors

The latest open fund is IFM Net Zero Infrastructure Fund, an infrastructure opportunistic fund managed by IFM Investors. The fund is located in Melbourne, Australia. It targets infrastructural, renewable energy, climate tech, and clean tech sectors. The fund aims to raise $3 billion. This new net-zero fund follows IFM’s recent partnership with QIC to purchase renewable energy for their Australian infrastructure assets through PPA worth $374 million

3i Group, 3i Infrastructure, ABN AMRO AAH.AS, Aleatica, AMP Capital Investors, Anglian Water Group, Ardian, Australia Future Fund, AustralianSuper, Buckeye Partners, Caisse de dépôt et placement du Québec, Colonial Pipeline, CPP Investments, Colonial Pipeline, FCC Aqualia, Fidelity Investments, QIC, VTTI are some of the institutional investors in IFM Investors’ funds

Source: Pitchbook, Company Website, Kallanish, Markets Insider, FCC Citizen Services,, SparkSpread , Infrastructureinvestor