Pacific Current Group (ASX:PAC) has announced it has invested in CAMG LLP – a recently launched London and Washington DC based private infrastructure investment manager.
Pacific is a global multi-boutique asset management firm. They will initially receive a 20 per cent position in CAMG in exchange for a 4 million pound commitment.
CAMG offers a distinctive global infrastructure strategy in both Europe and North America.
The executive director of Pacific says with the World Economic Forum estimating a global infrastructure spending gap of US$1 trillion per annum, that in CAMG they have distinct value-added strategy.
He believes the need for private infrastructure is at an all time high.
Shares in Pacific Current Group (ASX:PAC) 1.32 per cent lower at $5.99