Melbourne, 28 October 2019 – Infrastructure Partners Investment Fund – Core rated VERY STRONG
Australia Ratings Analytics (Australia Ratings) has assigned an investment rating of ‘VERY STRONG’
to the Infrastructure Partners Investment Fund – Core (the Fund). A Product Complexity Indicator of ‘YELLOW’
has also been assigned to designate the view that the Fund is a COMPLEX financial product
indicating that the Fund has an absolute return objective and that the underlying assets/funds are unlisted and illiquid.
A rating of VERY STRONG is the second highest rating on the investment rating scale used by Australia Rating. A VERY STRONG investment rating indicates
a very strong conviction that the Fund can deliver a risk-adjusted return in line with the Fund’s investment objective.
The Infrastructure Partners Investment Fund – Core is managed by IPIF Management Pty Limited, founded by Nicole Connolly in 2014. The Fund is a unique
offering providing investors exposure - through a Fund of Fund (FoF) structure - to a well-diversified portfolio of unlisted infrastructure assets
featuring Australia’s major airports (including Perth, Melbourne, Adelaide, Brisbane, etc.), TransGrid, South East Water and the Sydney Desalination
Plant among other investments. Due to their size, such assets are typically only accessible to large institutional investors such as pooled superannuation
Since its inception, the Fund has focused on investing in well-established unlisted infrastructure funds and building an exposure to mature, cash-generating
assets with a balanced mix of regulated and inflation linked investments.
Australia Ratings’ analyst, Dragana Timotijevic, said “The rating reflects the quality of the underlying assets and IPIF Management Limited’s expertise
in managing unlisted infrastructure investments.” She added “the rating also indicates the high level of confidence Australia Ratings has that the
Fund will continue to deliver a stable and uncorrelated return relative to equity markets”.
The Fund makes semi-annual distributions, targeting net of fees returns of 3.5% over the 10 Year Government Bond Rate. As at August 31 2019, the Fund had
around $133mn funds under management.
An abridged version of the research report is available from www.australiaratings.com.
For a copy of the full report please contact Daniel Antman at firstname.lastname@example.org or Jonathan van Rooyen at email@example.com.
FOR MORE INFORMATION CONTACT:
Dragana Timotijevic, Director firstname.lastname@example.org 03 8080 6684
ABOUT AUSTRALIA RATINGS
Australia Ratings is a local, independent rating agency that provides research and ratings on debt securities, investment products, and Operational Capability
Assessments. As an ASIC-licensed rating agency, we provide general advice to the broader investment community through our detailed reports. We are
Australia’s only agency that holds a retail Australian Financial Services Licence (AFSL). This enables both retail and wholesale investors to use our
credit ratings to help them gauge credit risk and complexity of financial products sold in the Australian market.
About Australia Ratings’ Investment Rating
Our investment rating reflects Australia Ratings’ current opinion of a fund’s or an investment’s ability to achieve its stated investment objectives in
the near term.The rating expresses a view on the expected consistency of the fund’s or investment’s performance within its peer or style group and
on the fund manager’s ability to produce superior performance amongst its peers in the near term with due regard to the medium-term consensus view
of the asset class to which the product is benchmarked.
A five-point scale is used to differentiate our opinion on how well we believe a fund will perform against a range of risks.
About the Product Complexity Indicator
Our proprietary colour-coded product complexity indicator (PCI) highlights the complexity level of an investment by its terms and conditions’ structure
and transparency that may affect an investor’s return.