Anthony Patterson
Perennial Partners (Perennial) and 4D Infrastructure Pty Ltd (4D) are pleased to announce that they have entered into binding agreements which will see 4D become part of Perennial Partners’ house of specialist investment teams. 4D will continue as the appointed manager of the 4D Global Infrastructure Fund (AUD Hedged and Unhedged versions), a global investment fund that invests in listed infrastructure companies across all four corners of the globe.
As part of this agreement, Perennial will become a shareholder in 4D. Chief Investment Officer, Sarah Shaw will continue to lead the business and all members of the investment team will retain their existing positions and roles in the management of the 4D funds.
The 4D Global Infrastructure Fund aims to identify quality listed global infrastructure securities that are trading below fair value and have sustainable, growing earnings and dividends. The (Unhedged) Fund was launched on 7 March 2016 and since inception, has generated an annualised return after fees and expenses of 9.81%, versus a benchmark return of 8.53%[1] over the same period. The Hedged version was established on 1 August 2022 and has generated an annualised return after fees and expenses of 7.55%, versus a benchmark return of 9.08[2] over the same period.
Perennial Partners manages approximately $8.5bn billion across its stable of specialist boutique investment managers , which include Perennial Private Investments (private to public markets), Daintree Capital (fixed income), Fairlight Asset Management (global small and mid-cap equities), Perennial Resources Funds (Australian and global resources), Perennial Smaller Companies (Australian small cap), Perennial Value (Australian equities), Ziller Funds Management (global growth), Balmoral Funds Management (microcap) and the Perennial Future of Healthcare Fund (global healthcare).
Anthony Patterson, Executive Director of Perennial Partners said: “We are delighted to welcome Sarah and her team to Perennial. The 4D business has carved out an impressive niche in the Australian investment landscape and they bring to our group an established investment capability that we are eager to promote and confident that we can grow.
“We want to reinforce to all existing 4D investors that all the necessary resources will be committed by Perennial to the management, distribution and governance of the 4D funds, ensuring that Sarah and her team can continue to identify and capture global infrastructure investment opportunities.”
“With Sarah and her colleagues joining the Perennial team, continuity of management and investment strategy is ensured, with the substantial resources of Perennial now to draw from.”
Sarah Shaw, 4D’s Chief Investment Officer, said Perennial is a highly regarded investment management partner and the support it provides to specialist investment teams will enable a smooth transition and present a deeper pool of resources for the 4D business to draw from in future.
“I’m really proud of the solid track record we’ve established over the past decade for the 4D Global Infrastructure Funds. We are excited to join Perennial Partners and look forward to taking our business to the next stage of its growth”, she said.
