Global Infrastructure SherpaFirst Sentier Global Listed Infrastructure Fund divests position in Chinese toll road operator Jiangsu Expressway
First Sentier Global Listed Infrastructure Fund divested its entire stake in Shanghai-listed Jiangsu Expressway, a major operator of over 1,000 km of expressways and bridges across Jiangsu province, to.
Get daily transport deal alerts — free, no spam.
Counterparts (3)
Seller
Global Infrastructure Partners
Global Infrastructure Partners (GIP) is a leading independent infrastructure fund manager with over $100 billion in assets under management, investing across energy, transport, water, and digital infrastructure globally. The firm focuses on large-scale equity investments in operating and brownfield assets.
First Sentier Global Listed Infrastructure Fund
First Sentier Global Listed Infrastructure Fund manages approximately $3.5 billion USD (as of Dec 2023) across a global portfolio of publicly traded infrastructure companies, focusing on essential services like utilities, transportation, and communications.
Register free to access full counterpart details, deal analysis, and timeline.
Register free →Deal Analysis
First Sentier Global Listed Infrastructure Fund, part of Global Infrastructure Partners' extensive $100 billion-plus infrastructure portfolio, exited its position in Chinese toll road operator Jiangsu Expressway during Q3 2024. This divestment wasn't a distress sale; rather, the fund capitalized on Jiangsu's robust share price appreciation relative to global peers. The strong performance reduced the perceived mispricing, prompting the sale as the stock no longer aligned with the fund's investment process. It highlights a disciplined, valuation-driven approach to managing listed infrastructure exposure within the transport sector.
- First Sentier Global Listed Infrastructure Fund divested Chinese toll road operator Jiangsu Expressway.
- Sale driven by strong share price performance, reducing perceived mispricing.
- Fund is part of Global Infrastructure Partners (GIP), managing over $100 billion in assets.
Timeline
Announced
Sep 30, 2024
Signed
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Register free →