Street Talk

Infrastructure investor UTA draws in private wealth clients

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 3, 2025 – 8.20am

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Mum and dad investors have gained exposure to some of Australia’s prized infrastructure assets like Transgrid, Melbourne Airport and the Sydney Desalination Plant, via one of the country’s oldest infrastructure investors.

Street Talk understands that Invest Unlisted, run by veteran deal maker Jonathan van Rooyen, who ran point on the investor revolt that grounded Westpac-backed Hastings back in 2016, has been mopping up prized secondary fund positions through its Core Infrastructure Fund, including a $200 million slice of Utilities Trust of Australia.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.