Future Fund taps into critical infrastructure with strategic investment – InvestorDaily
Having considered the opportunities of the energy transition, the Future Fund announced this week its investment in Transgrid, the operator and manager of the largest electricity transmission network in Australia.
The Future Fund said its Board of Guardians acquired a 9.995 per cent stake in Transgrid from Canadian pension fund OMERS, which will continue to manage the interest on behalf of the Future Fund while also retaining and managing its own 9.995 per cent stake.
“Our investment in Transgrid is in line with our risk and return objectives and reflects our consideration of the opportunities of the energy transition,” said Ben Samild, chief investment officer of the Future Fund.
“Large…
