Who we are
Ownership StructureSydney Desalination Plant Pty Ltd, is jointly owned by the Ontario Teachers' Pension Plan Board and The Infrastructure Fund.
The Infrastructure Fund
Sydney Desalination Plant is part-owned by The Infrastructure Fund (TIF). Gardior is the trustee of The Infrastructure Fund (TIF) and holds the assets of the fund on behalf of TIF investors.
The Infrastructure Fund (TIF) is one of Australia’s top performing infrastructure funds with a portfolio of Australian and overseas assets worth more than $1.75 billion. TIF investors include industry superannuation funds representing more than 2 million members, as well as other institutional investors.
Gardior is a leading Australian infrastructure investment firm that prides itself on the ability to add value through structuring an ultimate alignment of interest for investors. The Gardior Board of Directors comprises of representatives from TIF’s investor base. As trustee, Gardior is responsible for all investment and divestment decisions for the portfolio. Gardior has appointed Hastings to manage the portfolio of assets on its behalf.
For more information please visit the Hastings website.
Ontario Teachers' Pension Plan Board
Teachers’ is the largest single-profession pension plan in Canada. An independent organisation, it invests and administers the pensions of 311,000 active and retired teachers in the province of Ontario. Teachers’ investments comprise a mix of equities (public and private), bonds, natural resources, real assets (real estate and infrastructure) and absolute return strategies. When Teachers’ started as an independent organisation in 1990, the plan’s assets totalled C$19 billion. Since then, the plan has grown to C$154.5 billion as at 31 December 2014. During this period, the plan achieved an average annual rate of return of 10.2%, consistent with its investment mandate to administer the pension plan and manage its investments to earn the best possible rate of return at an appropriate level of risk. Teachers’ has an implied credit rating of AAA from Standard and Poor’s and is headquartered in Toronto, with offices in London and Hong Kong.
Teachers’ has a dedicated infrastructure investment management arm known as Teachers’ Infrastructure Group (“TIG”). TIG is an internal, highly-specialised investment team formed in 2001 to invest and manage the plan’s infrastructure portfolio. TIG has developed strong experience in sourcing, financing, executing and managing infrastructure assets around the world. As at 31 December 2014, TIG managed assets valued at approximately C$12.6 billion including water and wastewater, electricity and gas distribution, airports, power generation, high-speed rail and port facilities.
For more information please visit Ontario Teachers’ Pension Plan Board website.