Two Australia Pension Giants Pledge $19 Billion for UK, Europe
- IFM investing in UK infrastructure, energy transition projects
- Aware Super focuses on real estate and private equity
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Two of Australia’s largest pension investors pledged to pour $19 billion into UK and European markets in coming years, as the industry increasingly looks for opportunities overseas.
IFM Investors, owned by some of Australia’s biggest pension funds, will spend £10 billion ($12.6 billion) on infrastructure and energy transition projects in the UK by 2027, under an agreement announced with the government there. Meanwhile, Aware Super said it will direct A$10 billion ($6.6 billion) to the UK and Europe through its new London office. Both firms are making their announcements at the Global Investment Summit in London on Monday.