Published by Money Management – 31st Oct 2018
Australia’s newest asset manager, Federation Asset Management, which aims to provide investors with access to asset classes that they have been historically unable to access, has launched its strategy and introduced its investment team.
The company said it would focus on investments in Australia and across the Asia-Pacific region in renewable energy, health and education, real estate, and other private equity investments in areas that aligned with the experience of its senior team.
The new fund would be chaired by the former global chief operating officer (CIO) of Merrill Lynch Asset Management, Greg Bundy, and led by Cameron Brownjohn, formerly the head of Macquarie Capital’s principal investments division in the region.
Following this, Stephen Panizza would lead Federation Renewable Energy while Jason Walter and Neil Brown would lead Federation Real Estate and Private Equity, respectively.
The company also said that its first stage fund raising, which aimed to raise $500 million, already received interest and would be followed by ongoing capital raisings to support Federation’s open-ended strategy.
Additionally, Federation is already in due diligence phase on numerous investment opportunities across all its target asset classes.
“Federation is a new type of fund manager that invests in profitable and sustainable ways. Our expert teams are deploying capital toward clean-energy projects; social infrastructure; and to support the growth of companies that meet today’s social and economic needs,” Brownjohn said.
The fund would be raising its initial capital base from high-net worth individuals and remains open to new investors.
