IFM Investors, a global institutional investment manager owned by Australian superannuation funds, has joined forces with the government of the United Kingdom to invest £10 billion ($12.5 billion) in the country by 2027.
IFM and the U.K. government’s department for business and trade plan to identify commercially viable opportunities for investment across large-scale infrastructure and energy-transition projects. One example of how the agreement may support U.K. investments is Nala Renewables, a portfolio company of one of IFM’s funds, which is actively seeking investment opportunities in the United Kingdom as it looks to achieve a renewable capacity target of 4 gigawatts by 2025.
The investment plan builds on IFM’s previous commitment in 2022 to invest £3 billion ($4 billion) in its U.K.-based infrastructure portfolio assets. It also reflects the appetite of IFM and Australian super funds to invest in the U.K. market. The Australian pension system is currently
