UK Pension Nest Takes 10% Stake in Australia's IFM Investors
UK pension fund Nest is taking a 10% stake in the parent of Australian investment manager IFM Investors, becoming its first overseas shareholder as it pushes deeper into private markets investments.
Nest will join 16 Australian pension funds as owners of IFM, which manages about A$230 billion ($144 billion), according to a statement Wednesday. IFM's portfolio includes infrastructure assets from airports to ports and toll roads, as well as both listed and private equity and debt investments.
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