IFM

IFM is one of the largest global investors in infrastructure with a track record dating back to 1994. IFM pioneered infrastructure investing on behalf of pension funds and institutional investors. Our staff has extensive experience in both mergers and acquisition and portfolio management. Since we make most of our investments with the intention of holding them for decades, asset management is crucial to our investment success.

Based on our experience as an early investor in infrastructure privatizations in Australia, IFM has developed a core strategy that focuses on mature infrastructure companies with modern facilities; monopoly characteristics operating under stable and predictable regulatory regime; steady revenues and cash flows; strong, capable management; and exemplary records in health, safety and environmental operation. IFM seeks to own assets that produce consistent returns by providing services essential to local communities and economies.

IFM invests in a diversified portfolio of global infrastructure assets. Infrastructure consists of physical facilities for the delivery, generation and transportation of energy, information, people and products, and real property from which services to the community or government are delivered. IFM has invested in companies active in the following sectors:

• electricity generation, transmission and distribution
• gas transmission, distribution, processing and storage
• renewable energy 
• toll roads 
• rail infrastructure 
• sea/river ports
• airports 
• water and waste water treatment 
• pipelines and related infrastructure
• telecommunications
• social infrastructure with cash flows principally backed by local, state, or federal government (e.g. hospitals, schools, aged care facilities, courthouses, etc.)

IFM's investment philosophy has several distinctive features:

Focus on long-term returns: IFM's focus is on superior long-term investments rather than short-term gains and rapid exits from assets. IFM's overriding objective is to generate returns commensurate with risk, while minimizing costs, to ensure investors achieve returns better than those of other infrastructure investors.

Close alignment with our investors and owners: Since IFM is ultimately owned by the pension funds that invest with it, IFM invests as if it were a principal, not an agent. IFM is not in business to generate fees for its firm or to strip value out of its portfolio assets. IFM keeps fees and expenses as low as possible in order to pass on the benefits to its clients; this is IFM's heritage and culture as an investor-owned firm.

Strategic, long-term partner: Many sellers and operating partners prefer to work with IFM because of our long-term focus; they want to know that their deal partners will remain in the partnership for years to come. In addition, IFM's "patient capital" approach is desirable to other investors, including governments, who seek certainty about the long term management of concession agreements or public facilities.

Extensive industry knowledge and track record: With over 15 years' experience, IFM knows what is required to both acquire assets and to manage a portfolio over the long term. Many firms have staff with extensive experience in doing deals and completing transactions. However, only a few firms have over a decade's experience in managing those assets through business cycles, management transitions and regulatory reviews. IFM has also participated in the growth and development of the Australian infrastructure market which is one of the world's most dynamic laboratories for the maturing infrastructure sector.