Investors Keep Flocking to U.S. Infrastructure, Even Without a Trump Plan
- Kentucky, Virginia retirement plans are among first investors
- As Trump leaves void, investors are forging ahead in sector
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IFM Investors has raised almost $500 million for its first debt fund dedicated to U.S. infrastructure even as the Trump administration has yet to move ahead with its own infrastructure plan.
IFM is seeking to raise about $500 million a year for an open-ended fund that will target senior-secured, floating rate loans in the sector, according to Rich Randall, its global head of debt investments. The firm, owned by 27 Australian pension funds and with about $80 billion in assets under management, has secured commitments for the debt fund from the Kentucky and Virginia retirement plans.