Pension & Sovereign Wealth Funds

Financial Services

Financial Services » Pension & Sovereign Wealth Funds

We advise major pension and sovereign wealth funds on their legal issues, including direct and indirect investments in regulated and unregulated markets. Corrs has also acted for various funds managers in packaging their wholesale investment products.

When investing in Australia, it pays to have experts on the ground who understand your assets. We bring together experienced funds investment professionals and specialist lawyers who understand the assets classes in which you want to invest.

Our specialist funds advisers have the right experience to make the deal happen seamlessly - developing entry point investment structures, obtaining foreign investment and other regulatory approvals and managing tax and revenue risks.

We understand the market for large scale investments is tight and the window of opportunity for our clients can be limited. We know that our ability to predict issues before they arise and to meet short deadlines across time zones can be critical to ensuring that our clients remain competitive.

We also understand the particular issues that arise in relation to prudentially regulated investors and mutual fund status and know when to factor those into our client's bargaining position or investment process.

Our Experts

Alan Churley.jpg

Alan Churley

Partner Location Perth Profile
Brad Robinson.jpg

Brad Robinson

Partner Location Melbourne Profile
Christine Maher.jpg

Christine Maher

Consultant Location Brisbane Profile
FOXJustinTH.jpg

Justin Fox

Partner Location Melbourne Profile
Mellos Kon CMYK 90x130

Kon Mellos

Partner Location Melbourne Profile
Michael Chaaya.jpg

Michael Chaaya

Partner Location Sydney Profile
DAVESONStephaniewebsiteTH.jpg

Stephanie Daveson

Partner Location Brisbane Profile

Our Experience

Establishing an investment trust for one of China’s largest sovereign wealth funds

Corrs helped establish of a $500 million specific purpose investment trust managed by Challenger and invested by Deutsche Bank.

Global investment in ConnectEast toll road

ConnectEast is a landmark toll road project owned by a number of foreign pension funds including Danish fund Arbejdsmarkedts Tillagspension (ATP) and UK fund Universities Superannuation Scheme (USS).

Corrs advised ATP and USS on their investment in the consortium which is managed by CP2 Limited -  an infrastructure fund manager with approximately A$3.5 billion in funds under management for a global client base of pension funds, sovereign wealth funds and other institutions.

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Middle East Fund property investment in Australia

Corrs advised a substantial Middle East Sovereign Wealth Fund on various indirect property investments in a number of Australian jurisdictions, managed by a prominent Australian financial institution.

The assets in question are substantial retail properties in the relevant jurisdictions, and offered development opportunities as well as ongoing revenue. Our advice related to managed investment documentation, review and commentary on the due diligence as well as sale and purchase and associated documentation.

More

Port Botany and Port Kembla

Corrs advised a member of the NSW Ports Consortium in successfully bidding for the 99-year lease of Port Botany and Port Kembla from the NSW State Government. The ports were leased to the NSW Ports Consortium for $5.07 billion with an annual lease payment of $5 million.

The assets represent two of Australia’s largest ports and are both essential to the primary import and export gateways to NSW. Port Botany is vital to the economy of Sydney and NSW as the only large-scale container handling facility. Port Kembla serves as a key export facility for coal and other bulk products and is Australia’s largest vehicle import facility.

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Our Thinking

FSI panel recognises the potential of impact investment

The Financial Services Inquiry panel has thrown its support behind the fledgling impact investment industry in Australia.

More

Free trade agreements trigger financial services opportunities for Australia

Australia’s new trade agreements with Japan and Korea will also boost financial services and infrastructure investment in Australia.

More

A passport to growth - A step closer to an Asia Region Funds Passport

Australia will join New Zealand, South Korea and Singapore in signing a statement of intent to formalise the Passport.

More

Putting out the welcome mat to foreign pension and sovereign wealth funds - MIT withholding tax changes

Foreign pension funds and sovereign wealth funds investing in Australian managed trusts will soon have access to the 15% concessional tax rate.

More

Managed funds in the Asian Century - A real opportunity for Australia?

Australia may have missed the opportunity to become the Asia Pacific financial services hub, but not the beacon of best practice.

More

Unlocking UK pension funds for infrastructure

Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?

More

Our Experience

Establishing an investment trust for one of China’s largest sovereign wealth funds

Corrs helped establish of a $500 million specific purpose investment trust managed by Challenger and invested by Deutsche Bank.

Global investment in ConnectEast toll road

ConnectEast is a landmark toll road project owned by a number of foreign pension funds including Danish fund Arbejdsmarkedts Tillagspension (ATP) and UK fund Universities Superannuation Scheme (USS).

Corrs advised ATP and USS on their investment in the consortium which is managed by CP2 Limited -  an infrastructure fund manager with approximately A$3.5 billion in funds under management for a global client base of pension funds, sovereign wealth funds and other institutions.

Middle East Fund property investment in Australia

Corrs advised a substantial Middle East Sovereign Wealth Fund on various indirect property investments in a number of Australian jurisdictions, managed by a prominent Australian financial institution.

The assets in question are substantial retail properties in the relevant jurisdictions, and offered development opportunities as well as ongoing revenue. Our advice related to managed investment documentation, review and commentary on the due diligence as well as sale and purchase and associated documentation.

Port Botany and Port Kembla

Corrs advised a member of the NSW Ports Consortium in successfully bidding for the 99-year lease of Port Botany and Port Kembla from the NSW State Government. The ports were leased to the NSW Ports Consortium for $5.07 billion with an annual lease payment of $5 million.

The assets represent two of Australia’s largest ports and are both essential to the primary import and export gateways to NSW. Port Botany is vital to the economy of Sydney and NSW as the only large-scale container handling facility. Port Kembla serves as a key export facility for coal and other bulk products and is Australia’s largest vehicle import facility.

Our Thinking

FSI panel recognises the potential of impact investment

The Financial Services Inquiry panel has thrown its support behind the fledgling impact investment industry in Australia.

Free trade agreements trigger financial services opportunities for Australia

Australia’s new trade agreements with Japan and Korea will also boost financial services and infrastructure investment in Australia.

A passport to growth - A step closer to an Asia Region Funds Passport

Australia will join New Zealand, South Korea and Singapore in signing a statement of intent to formalise the Passport.

Putting out the welcome mat to foreign pension and sovereign wealth funds - MIT withholding tax changes

Foreign pension funds and sovereign wealth funds investing in Australian managed trusts will soon have access to the 15% concessional tax rate.

Managed funds in the Asian Century - A real opportunity for Australia?

Australia may have missed the opportunity to become the Asia Pacific financial services hub, but not the beacon of best practice.

Unlocking UK pension funds for infrastructure

Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?

Our Experts

Alan Churley.jpg

Alan Churley

Partner Perth +61 8 9460 1660
Brad Robinson.jpg

Brad Robinson

Partner Melbourne +61 3 9672 3550
Christine Maher.jpg

Christine Maher

Consultant Brisbane +61 7 3228 9413
FOXJustinTH.jpg

Justin Fox

Partner Melbourne +61 3 9672 3464
Mellos Kon CMYK 90x130

Kon Mellos

Partner Melbourne +61 3 9672 3174
Michael Chaaya.jpg

Michael Chaaya

Partner Sydney +61 2 9210 6627
DAVESONStephaniewebsiteTH.jpg

Stephanie Daveson

Partner Brisbane + 61 7 3228 9493