Global infrastructure fund manager will shortly launch an open-ended net-zero infrastructure fund, seeking to raise at least US$3bn (鈧�2.7bn) over the next 12 to 18 months.
The fund will invest in the renewable energy, electrification, low carbon fuel and carbon capture technologies sectors.
Kyle Mangini, IFM Investors鈥� global head of infrastructure, said: 鈥淲e are developing this new strategy essentially for investors to invest in decarbonisation.鈥�
The primary area of investment will be in renewable power, with some investment in electrification, Mangini said at a media briefing on the launch of IFM鈥檚 Resilience and Transition: Infrastructure Outlook report.
鈥淭he new strategy has tremendous investment opportunities,鈥� Mangini said, quoting the International Energy Agency (IEA), which has said that, by 2030, close to US$3-US$4trn will be needed annually for clean energy infrastructure and products.
鈥淚f the US$3-US$4trn number is anywhere close to being correct, every institution will have substantially more of this asset class in its portfolio in 10 years,鈥� he said
The net-zero fund will join the manager鈥檚 two existing open-ended funds 鈥� IFM Global Infrastructure Fund and IFM Australian Infrastructure Fund 鈥� as a flagship vehicle.
The IFM Global Infrastructure Fund is already invested in renewable energy assets.
Mangini told 91传媒在线: 鈥淲e will carve out this part of the market (renewables) from the global infrastructure fund, but will invest a small portion of its capital into this new strategy so that existing investors continue to get some exposure to net-zero infrastructure assets.鈥�
The vehicle was expected to begin acquiring assets by the end of June, he said.
Like IFM鈥檚 global infrastructure fund, the net-zero infrastructure strategy would target assets in OECD markets and those that were in the lower risk spectrum, with core characteristics, he added.
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