AGF Management and Instar Group have launched InstarAGF Asset Management, a joint venture that providing institutional investors with access to infrastructure investment opportunities.
Based in Toronto and led by Gregory Smith, a pioneer in the infrastructure investment community, the new company will invest in and manage a range of alternative asset funds, with primary focus on infrastructure assets.
"AGF is delighted to be working with Greg Smith in this important new venture," says Blake C Goldring, chairman and chief executive officer, AGF Management Limited. "Allocations to alternatives have been steadily increasing, and private infrastructure assets remain especially attractive to institutional investors with long-dated liabilities. This new investment capability bolsters our current product offering and will leverage our global distribution footprint.”
Greg Smith, a 20-year veteran in the investment, operations, acquisition, and financing of public and private infrastructure, real estate, power, and utility businesses, will lead the company.
"The global market for alternative investment opportunities is expanding rapidly and we have found an ideal partner in AGF," says Smith. "AGF has extensive resources to support the operating needs of this business, and their investment will allow us to focus on securing and managing a portfolio of high quality infrastructure assets.”