Access Capital Advisers is reportedly looking to secure infrastructure investment deals totalling $4bn in the next five years.
The Australian firm aims to become one of the country’s top five infrastructure manager by funds under management by 2018, said the Wall Street Journal.
The firm will have to compete for infrastructure mandates from pension funds with majors such as Goldman Sachs, Macquarie Group and Deutsche Bank in order to hit its target.
Goldman, which is currently the fifth largest infrastructure manager in Australia, currently has investment mandates of $6.1bn from pension funds.
Macquarie is in the lead with $59.1bn in mandates, followed by Industry Funds Management, American firm Alinda Capital and Deutsche Bank’s alternative investment business.
Access Capital currently manages mandates worth A$2.3bn, which makes it the world’s 15th largest manager. It also has A$2.6bn ($2.67bn) of investments in aother assets such as property.
The firm expects to deploy more this year than the A$600m it put to work in 2012, CEO graham Matthews told MoneyBeat last month.
Access Capital’s head of Australasia Investments Tom Snow told Mthe publication, “We’ll focus on deals where we can either get exclusivity or obtain a serious inside running by being existing owners of an asset.
“In a market where some investors are paying prices above those before the global financial crisis, being very selective in choosing which assets to pursue has never been more important.
“Real estate will not be a massive growth area for us, and private equity and hedge funds are not part of our alternative assets unlike other managers.”
Copyright © 2013 AltAssets