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Sun Life acquires InfraRed Capital ahead of $1.5T infrastructure vote

Global investment giant Sun Life Financial has closed on its majority stake acquisition of InfraRed Capital Partners.

Headquartered in London, U.K., InfraRed is an international infrastructure and real estate manager with $12 billion in assets under management.

“We’re excited to complete the acquisition of InfraRed,” said Steve Peacher, President, SLC Management. “While the current global environment continues to test all industries and financial markets, we’re very confident about the long-term growth in infrastructure investing. The increased demand for infrastructure around the world has not dissipated. Infrastructure investing remains well-positioned, presenting many opportunities for enhancing societies in a post-COVID-19 world.”


Peacher added that this transaction also presents opportunities within renewable infrastructure in North America. “We believe there is a compelling case for investing in renewable infrastructure, such as wind farms and solar energy, which can also have a positive impact on the world.”

” 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 Werner von Guionneau, CEO, InfraRed Capital Partners.

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.

The deal comes as the House gets set to vote on the Moving Forward Act, a $1.5 trillion infrastructure bill that prioritizes climate change and clean energy with a promise to create thousands of new jobs as the nation tries to recover from the coronavirus pandemic.

The Moving Forward Act, H.R. 2,  aims to modernize the country’s aging infrastructure while combating climate change. It would invest $100 billion in mass transit, $75 billion in clean energy, $40 billion in wastewater and $25 billion in drinking water.

The centerpiece of the package is a $494 billion green transportation bill passed by the Transportation and Infrastructure Committee earlier this month.

That bill, dubbed the “Investing in a New Vision for the Environment and Surface Transportation in America Act,” would establish new federal programs to reduce greenhouse gas emissions from transportation projects and improve their resilience to natural disasters.

The package also incorporates provisions from the Energy and Commerce Committee that would modernize the electric grid to accommodate more renewables and promote energy efficiency.

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