A specialist in unlisted infrastructure
First State Investments/CFSGAM infrastructure is a pioneer in unlisted infrastructure, investing in this asset class since 1994. We have delivered strong returns for clients through a number of economic cycles. Our success derives from our active investment management and asset management capabilities, which have delivered superior risk-adjusted returns for our investors.


Our strong track record
With more than 17 years’ experience, the First State Investments/CFSGAM infrastructure business now manages unlisted of infrastructure funds and institutional mandates totalling an excess of $2.8 billion.
Over this period, we have built a strong performance track record, delivering an annualised return of 13.6% across our portfolio of core infrastructure assets.
Investment Timeline