A team of fund managers are leaving AMP Capital to join Plenary’s newly launched infrastructure fund management business.
The seven individuals, who were involved in running AMP Capital’s A$8bn (€5.08bn) Community Infrastructure Fund (CommIF), will be reunited with Julie-Anne Mizzi, who was announced last week as the first CEO of Plenary Funds Management.
Mizzi, who was previously AMP Capital’s global head of social infrastructure, is to run Plenary’s fund management activities across Australia and New Zealand and has brought most of her team over from AMP Capital. IPE Real Assets understands that a team of 10 were involved in managing CommIF.
The team includes: Jiren Zhou, who is joining as partner and head of origination; Simon Hunter, who has been appointed partner and head of asset management; Kathlyn Crafford, who is joining as director, asset management; Kareen Livingstone, who has been appointed director; Liam Brosnan, who is joining as associate; Ser Hui Lee, who is joining as finance manager.
The moves come as Plenary vies with two other companies to take over CommIF, which owns 18 social infrastructure assets in Australia and New Zealand.
CommIF fund has appointed an independent board committee to decide whether to put proposals from bidders – which also include Morrison & Co and Palisade Investment Partners – to a vote by unitholders.
Plenary CEO David Lamming said: “We are excited to be welcoming such a talented, experienced group of funds management professionals to Plenary.
“Our expansion into infrastructure-focused funds management is a natural evolution in the development and growth of the company, and the team’s experience will naturally complement our existing activities as a specialist in the public infrastructure space.”
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