POWERED BY MOMENTUM MEDIA
Rest commits US$300m to offshore infrastructure credit strategy
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
Rest has made a US$300 million commitment to US-based I Squared Capital’s infrastructure credit strategy, which focuses on providing tailored financing solutions for infrastructure assets.
In announcing Rest’s commitment this week, l Squared capital fund partner David Rosenblum welcomed the $93 billion fund as a cornerstone investor.
“Their investment is a testament to the strength of our platform and our ability to source and structure compelling investment opportunities in infrastructure credit,” Rosenblum said.
The investment, he said, also highlights the growing demand for infrastructure debt opportunities among large and sophisticated limited partners.
“We look forward to a long-term partnership that delivers strong, risk-adjusted returns for Rest’s members,” Rosenblum said.
Commenting on the announcement, Rest’s interim co-chief investment officer Simon Esposito said the commitment aligns with its goal to deliver attractive risk-adjusted returns for the fund’s 2 million members while supporting essential infrastructure development.
“Coupled with the strong fundamentals of infrastructure credit markets, we believe this presents a compelling investment opportunity for our members,” Esposito said.
“The majority of our members are decades from retirement, so we think deeply about the world they will retire into, as well as the megatrends likely to influence global society and the economy over the long term.”
Esposito highlighted that the fund is seeing “increasing demand” for infrastructure financing as “businesses invest in essential projects to support economic growth and the energy transition”.
“With a focus across sectors including renewable energy, digital infrastructure, and transportation and logistics, we believe our investment with I Squared Capital is well-positioned to benefit from these decarbonisation, digitalisation, and deglobalisation megatrends, while also enhancing the diversification of our infrastructure portfolio across different sectors and geographies,” he said.
Speaking to Super Review sister brand InvestorDaily earlier this year, Esposito said the fund was following an investment strategy that includes exposure to a broader range of diversifiers that have inflation-hedging characteristics, such as infrastructure, particularly of the type that benefits from decarbonisation.
“The decarbonisation of the economy presents extraordinary opportunities to invest in assets that deliver over the long-term for our members,” he said at the time. “The energy transition continues to provide interesting investment opportunities that align with our long-term member objectives.”
To date, Rest has made significant commitments to infrastructure assets supporting decarbonisation, digitalisation, and telecommunications, including its cornerstone investment in Fidelity International’s Real Estate Logistics Climate Impact Fund and a $1 billion commitment to renewable energy manager Quinbrook Infrastructure Partners.
AUTHOR
Jessica Penny
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
