Global Infrastructure SherpaFirst Sentier Global Listed Infrastructure Fund divests position in Chinese toll road operator Jiangsu Expressway
The First Sentier Global Listed Infrastructure Fund divested its position in Chinese toll road operator Jiangsu Expressway during Q3 2024. This sale followed a period of strong share price performance relative to other global toll road operators, which reduced mispricing and led to the stock moving lower within the fund's investment process.
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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.
F
First Sentier Global Listed Infrastructure Fund
parent_company
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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
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