Headquartered in
InfraRed will be part of SLC Management, Sun Life's alternatives asset management business. The acquisition will broaden SLC Management's investment solutions for institutional Clients to include infrastructure equity and advance sustainable investment options. InfraRed's global infrastructure capabilities are highly complementary to SLC Management's platform of public and private fixed income investments.
"We're excited to complete the acquisition of InfraRed," said
Peacher added that this transaction also presents opportunities within renewable infrastructure in
"We are delighted to announce the completion of the transaction agreement between InfraRed and Sun Life. This agreement represents an important milestone in InfraRed's journey and will support our continued evolution, including the launch of a North American renewable infrastructure fund," said
von Guionneau added, "High quality, reliable core infrastructure has been essential in delivering to the needs of communities through this crisis. As societies emerge from the coronavirus pandemic, it is more crucial than ever to invest in improving our infrastructure, making it greener and more connected, to ensure we support communities and deliver sustainable returns. This transaction positions us perfectly and will ensure we remain at the forefront of essential and sustainable infrastructure.
"We look forward to working closely with SLC Management and Sun Life to extend our capabilities in
With the transaction close, Sun Life acquires an 80% interest in InfraRed. InfraRed's owners have a put option to sell their remaining interest to Sun Life in 2024 and Sun Life has the option to call any remaining interest by the end of 2025.
For additional details on the transaction please refer to the news release and related materials dated December 18, 2019, available.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including
About
InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed has been a signatory of the Principles of
Over the past 30 years InfraRed has, initially within
For more information go to www.ircp.com.
About SLC Management
SLC Management is a global institutional asset manager that offers institutional investors traditional, alternative, and yield-orientated investment solutions across public and private fixed income markets, as well as global real estate equity and debt.
SLC Management is the brand name for the institutional asset management business of
BentallGreenOak is also part of SLC Management and is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services.
As of
For more information, please visit www.slcmanagement.com.
Media Relations Contact: | Investor Relations Contact: | |
Associate Vice-President, Corporate | Senior Vice-President, Head of Investor Relations & | |
Communications | Capital Markets | |
t. 416-979-6070 | t. 647-258-8201 | |
rajani.kamath@sunlife.com | investor.relations@sunlife.com |
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