Pacific Current Group invests in CAMG

Company News

by Rachael Jones

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
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.