OPTrust upping stake in global infrastructure management company

The OPSEU Pension Trust and partners are investing an additional one billion euros in Globalvia, an international infrastructure concession management company based in Madrid, Spain.

Alongside Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn (PGGM) and Britain’s Universities Superannuation Scheme, the OPTrust manages 27 projects in eight countries — Andorra, Chile, Costa Rica, Ireland, Mexico, Portugal, Spain and the United States — through the company. Globalvia manages more than 1,600 kilometres of highways and more than 90 kilometres of railway lines.

Globalvia’s objective is to continue growing by acquiring road and rail projects, according to a press release. It also notes the company is seeking to incorporate new and stable projects into its portfolio in countries that ensure legal certainty and is ready to do so with innovative funding solutions.

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“Globalvia continues to be a very successful investment for OPTrust and represents a key strategic platform in our infrastructure portfolio,” said Gavin Ingram, global head of infrastructure at OPTrust, in the release. “We are very pleased to increase our commitment to the Globalvia platform to continue to support and benefit from the team’s strong operational and investment capabilities. Alongside our partners in PGGM and USS, we look forward to capitalizing on future growth opportunities and the continued success of Globalvia.”

Since PGGM initially invested in Globalvia in 2012, it has been a cornerstone infrastructure investment for the pension fund, according to its head of infrastructure Erik van de Brake. “Transportation assets have proven to deliver strong and stable returns to our pension fund clients.

“By increasing our commitment to Globalvia our clients continue to benefit from the outstanding investment and operational capabilities of the Globalvia team. This partnership greatly expands our exposure to transportation infrastructure globally.”

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