Our Shareholders, The Infrastructure Fund and China Merchants Group, each own 50% and have a strong, global track record in managing large infrastructure assets.
The Infrastructure Fund
Port of Newcastle is part-owned by The Infrastructure Fund (TIF). Gardior is the trustee of The Infrastructure Fund (TIF) and holds the assets of the fund on behalf of TIF investors. Gardior has appointed Hastings to manage the portfolio of assets on its behalf.
The Infrastructure Fund (TIF) is one of Australia’s top performing infrastructure funds with a portfolio of Australianand overseas assets worth more than $1.75 billion. TIF investors include industry superannuation funds representing more than 2 million members, as well as other institutional investors.
Gardior is a leading Australian infrastructure investment firm that prides itself on the ability to add value through structuring an ultimate alignment of interest for investors. The Gardior Board of Directors comprises of representatives from TIF’s investor base. Gardior is the trustee of The Infrastructure Fund (TIF) and holds the assets on behalf of TIF investors. As trustee, Gardior is responsible for all investment and divestment decisions for the portfolio. Gardior has appointed Hastings to manage the portfolio of assets on its behalf.
Hastings is a specialist global fund manager focused on infrastructure equity and debt investing. Hastings manages A$12.4 billion (as at 31 December 2015) on behalf of 70 institutional investors. It has built a global footprint, with offices in Australia, Europe, North America, and Asia collectively employing more than 100 staff. Hastings has considerable experience across multiple sectors including airports, toll roads, seaports, gas and electricity transmission and water utilities. With more than two decades managing infrastructure, Hastings is one of the longest-running and most-qualified infrastructure managers.
China Merchants Group
Founded in 1872, China Merchants Group
operates in three core business sectors:
- Transportation and infrastructure (seaports, toll roads, energy transportation and logistics)
- Financial investment and management
- Property development and management
China Merchants Group's headquarters is located in Hong Kong and its business activities span the world. China Merchants Group has operated in Australia for more than 20 years.
- LOSCAM which provides returnable packaging solutions and equipment used to store and move products through supply chains. LOSCAM's headquarters is in Melbourne, with offices and depots across Australia, including Wickham (Newcastle).
- Oriental Merchant which is the leading Asian food supplier to Australian supermarkets including Coles, Woolworths and IGA. Orient Merchant also services 95% of Asian grocery retailers in Australia.
Global assets under management at June 2014 were approximately $820 billion across 13 countries, including 24 seaport and seaport-related investments.