Tuesday, 22 March 2022: First Sentier Investors Group (FSI), a leading global investment manager, today announced its direct infrastructure investment team will now be named Igneo Infrastructure Partners.
The establishment of Igneo Infrastructure Partners is part of FSI’s long-term growth strategy to build a global business consisting of in-house investment teams and independently-branded investment teams, offering a range of investment expertise across differentiated asset classes.
One of the largest direct infrastructure investors in the world, the newly branded team has made 60 infrastructure acquisitions since 1994. The 65-strong team currently manages a portfolio of 24 high-quality, mature, mid-market core infrastructure companies in the UK, Europe, North America, Australia and New Zealand. It holds A$20.3bn (US$14.8 bn) worth of assets.
Niall Mills, Managing Partner and Head of Igneo Infrastructure Partners, said: “With a well-established investment process and proven track record of adding value for portfolio companies and our clients, now is the right time to introduce a global identity that better reflects who we are and how we work.”
FSI’s business strategy targets growth through both acquisition and the evolution of in-house teams, underpinned by the firm’s unique business model, which is structured to support growth and investment autonomy led by responsible investment principles.
First Sentier Investors Chief Executive Officer, Mark Steinberg said: “The evolution of the direct infrastructure business to a stand-alone brand reflects the maturity of the business and a belief that growth will be further enhanced through a dedicated brand profile. The advantage of a business like FSI, is the ability to support growth in ways best suited to individual investment teams and their clients.”
Mills added: “Being part of the First Sentier Investors Group affords us the chance to brand our business independently, while still benefiting from the world-class support of the FSI team.”
The new brand name is derived from the word Igneous, a type of volcanic rock and underscores the team’s transformative approach to working with businesses to create investments that have sustainability and permanence.
Mills commented: “Infrastructure businesses provide essential services to communities so we are focused on proactively partnering with management teams to support responsible practices. By holding a significant or full ownership stake in infrastructure firms, the Igneo team can partner with company management teams to set strategy, foster innovation and achieve sustainable operating models.”
An environment, social and governance (ESG) mindset has long been a core part of the team’s approach to creating and sustaining value. This is embodied by Igneo’s five minimum standards, a framework to measure ESG performance aligned to the UN’s Sustainable Development Goals. Portfolio companies must implement the principles - which outline minimum requirements on corporate governance, health and safety, diversity, carbon emissions and environmental standards, and career progression - and track and report results.
“While our name has changed, our investment philosophy and process has not. We remain committed to partnering with our clients and management teams to create a more sustainable future,” Mills said.
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Belinda White, Senior Communications Manager
M: +61 0408 104 246
Notes to editor
1. AUM as at 31 December 2021
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in the utilities and transport sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.
Igneo manages US$14.8 bn worth of assets (as at 31 December 2021) on behalf of more than 120 investors around the world.
For more information, visit igneoip.com
About First Sentier Investors
First Sentier Investors manages US$182.5 billion in assets (as at 31 December 2021) on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.
The firm operates as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. First Sentier Investors’ expertise spans a range of asset classes and specialist investment sectors focused on delivering sustainable investment success based on responsible investment principles.
Formerly known as First State Investments, the firm was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc in August 2019.
For more information, visit firstsentierinvestors.com
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit www.mufg.jp/english
About Mitsubishi UFJ Trust and Banking Corporation
Mitsubishi UFJ Trust and Banking Corporation, as a core member of MUFG, provides its customers with a wide range of comprehensive financial solutions leveraging unique and highly professional functions as a leading trust bank. Such financial solutions include real estate, stock transfer agency, asset management and investor services, and inheritance related services, in addition to banking operations. It aims to realize its vision to be the trust bank that creates "a safe and affluent society" by always supporting its customers' and society's challenges based on Trust, and thus created a new key concept: "Create a Better Tomorrow".
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