GIIA passes 100-members milestone as infrastructure asset class thrives

More than 100 of the world’s leading infrastructure investors and advisers have now joined the Global Infrastructure Investor Association (GIIA), which has seen eight years of year-on-year growth since it was founded in 2016.  

Membership has more than doubled in that time, while the total value of members’ infrastructure assets under management has more than tripled to US$1.65 trillion across 70 countries, reflecting the ever-growing use of private capital to help modernise the world’s infrastructure.

Augment Infrastructure, a US-based fund manager that focuses on renewable energy and sustainable infrastructure in Asia and Latin America, and Aware Super, one of Australia’s largest profit-for-member superannuation funds with more than a million members, are the latest to join, taking GIIA past the 100-members milestone and joining a stream of new members so far this year.

Jon Phillips, chief executive of GIIA, said, ‘I’m delighted to welcome Augment and Aware Super into our global membership, and to have reached this important milestone of 100 members. GIIA was formed by the leaders in the sector back in 2016, and with their support we have grown our membership, our team, our stakeholder network and our influence to become the voice of the industry.”

Viktor Kats, co-founder of Augment Infrastructure, said, “Having helped to create GIIA several years ago while in a previous role, I’m delighted that Augment is now a member.  The association has grown from strength to strength and plays the part for which it was always intended, as a convenor for leading investors worldwide. Augment plans to contribute to GIIA by bringing the growth markets perspective to member conversations.” 

Mark Hector, head of infrastructure at Aware Super, added, “As one of Australia’s largest pension funds, managing more than A$170 billion (US$110 billion) of our 1.1 million members’ retirement savings, infrastructure plays a crucial role in our portfolio’s diversification and return profile. Following the launch of our first overseas office in London last year, we will be deploying more capital in the UK and Europe. We look forward to working with GIIA to build our industry connections and understanding of the stakeholder environment.”

The growth of GIIA’s membership since inception reflects the growth of infrastructure as an investment asset class over the same period.

“Our members are at the forefront of the net zero and digitalisation revolution”, said Jon Phillips, chief executive of GIIA.

“There is no doubt the private sector must play a leading role in delivering society’s future infrastructure demands. Working in partnership with governments and regulators to build dialogue and understanding, our role is to help make it possible to close the infrastructure gap. The opportunity and need for private capital to be deployed in infrastructure remains enormous.”

GIIA is the membership organisation for the world’s leading infrastructure investors and advisers. Investor members include infrastructure fund managers, public pension funds, insurers, corporates and sovereign wealth funds.