February 9, 2018 [Financial Standard] - Whitehelm Capital's advisory arm is the new investment consultant for a $900 million industry superannuation fund which dedicates itself to education and related sectors.
Combined Super appointed Whitehelm Advisers as its new investment consultant in January. It is understood the super fund’s previous investment consultant was Mercer.
Combined Super chairman George Kogios said the fund appointed Whitehelm following a competitive tender process.
“[We selected] them on the basis of their boutique model of providing highly bespoke and customised service, and our confidence in their ability to deliver high quality investment advice and performance for our fund and its members,” he said.
Whitehelm Capital chief executive Graham Matthews said he is “delighted to welcome Combined Super to our list of clients.“
“We look forward to working with them closely going forward to help them deliver strong outcomes to members,” Matthews said.
Whitehelm Capital staff own 70% of the business and the remainder is owned by Challenger under its Fidante Partners multi-boutique funds management platform. It is also the investment consultant to Prime Super.
In September 2017, Whitehelm acquired a petroleum tank storage terminal in the Netherlands on behalf of several pension funds.
Whitehelm agreed to acquire 90% of the shares in Vopak Terminal Eemshaven – a joint venture between Vopak, an independent tank storage company, and the NIBC European Infrastructure Fund I C.V. Vopak retained a 10% of shares.
It marked Whitehelm’s third recent investment in mid-market energy infrastructure in continental Europe. It followed the acquisition of SAE, an energy form waste plant in Norway, and Storrun, an onshore wind farm in Sweden.
Whitehelm has invested about €5.8 billion ($8.7 billion) in its 19-year history, with about €3.4 billion ($5 billion) in assets currently under management.
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