Nest Corporation's €530m Commitment to IFM's New Infrastructure Fund
Funding | Jun 06, 2025 | Travers Smith LLP
Nest Corporation, the trustee of the National Employment Savings Trust, has made a €530 million investment to seed a new infrastructure debt fund, marking its first investment since becoming an owner of IFM Investors. This partnership positions Nest as IFM's first international owner, alongside 15 Australian superannuation funds. Nest and IFM plan to co-develop investment strategies focused on private market opportunities in the UK and Europe, including infrastructure assets such as fibre optics, wind power, and transportation infrastructure. Nest aims to elevate its private market investments from 17% to 30% by 2030, aligning with IFM's global expansion ambitions. Travers Smith LLP, with a team led by Jeremy Elmore and Sarah Stewart, provided legal advice for this strategic commitment.
Sectors
- Infrastructure Investment
- Private Equity
Geography
- United Kingdom – Nest Corporation, based in the UK, is focusing its investment strategy on UK private market opportunities and infrastructure.
- Europe – The investment strategy includes opportunities across Europe, reflecting Nest and IFM's broader regional focus.
Industry
- Infrastructure Investment – The article discusses Nest Corporation's investment in a new infrastructure debt fund, highlighting the focus on infrastructure assets like fibre, wind, and transportation.
- Private Equity – The investment strategy involves co-creating opportunities in private markets across the UK and Europe, typical of private equity activities.
Financials
- €530 million – Commitment by Nest Corporation to seed a new infrastructure debt fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nest Corporation | Investor | Company | Trustee of the National Employment Savings Trust, investing in infrastructure debt funds. |
| IFM Investors | Investment Manager | Company | Global investment manager working with Nest Corporation on the infrastructure debt fund. |
| Travers Smith LLP | Legal Advisor | Company | Provided legal advice to Nest Corporation for the infrastructure debt fund investment. |
| Jeremy Elmore | Head of Funds | Person | Led the Travers Smith team advising Nest Corporation. |
| Sarah Stewart | Senior Counsel | Person | Senior Counsel at Travers Smith, involved in advising Nest Corporation. |
| Elena Rowlands | Partner | Person | Partner at Travers Smith providing specialist tax advice. |
| Aimee Hutchinson | Senior Associate | Person | Senior Associate at Travers Smith providing specialist tax advice. |