Street Talk

TRUE rattles the tin for $20m as it locks down AusSuper fund stake

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 24, 2023 – 7.17pm

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Specialist fund manager TRUE Infrastructure is on the hunt for $20 million to fund its acquisition of AustralianSuper’s holdings in two infrastructure vehicles managed by London-listed Foresight Group.

As reported by Street Talk, the industry fund giant was in talks with TRUE to jettison positions in two Foresight funds – the Diversified Infrastructure Trust and the Energy Infrastructure Trust – which own stakes in transport, energy and other infrastructure assets.

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.