IFM Investors, a global asset manager, founded and owned by pension funds, has finalized a landmark partnership with Nest, making the U.K. pension fund the first overseas owner in IFM’s history.
The deal, which gives Nest a 10 percent stake in IFM’s holding company, alongside 15 Australian super funds, supports IFM’s global expansion into new investment opportunities and markets, while also bringing U.K. expertise into its ownership group.
The transaction also facilitates Nest's investment in global private markets across multiple asset classes. Nest is aiming to invest £5 billion ($6.8 billion) through IFM by 2030.
“As one of the largest pension schemes in the United Kingdom, with over a third of the workforce saving with us, we continually seek out global best practice to strengthen our investment approach,” said Mark Fawcett, CEO of Nest Invest. “Australia has set the benchmark in infrastructure investing, and we’re excited to tap into IFM’s
