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West Street Private Infrastructure Fund (AUD)

A global strategy targeting mid-market, value-add infrastructure opportunities

OverviewFund at a glanceSubscribe to insights

West Street Private Infrastructure Fund (AUD)

The West Street Private Infrastructure Fund (AUD) is an open-ended private infrastructure equity fund focused on direct origination of mid-market, value-add infrastructure, infrastructure secondaries, and liquid assets.

The West Street Private Infrastructure Fund (AUD) (‘Fund’) offers immediate exposure to mid-market, value-add infrastructure operating businesses. The Fund focuses on four key themes: energy transition, digital infrastructure, transportation & logistics, and the circular economy, along with infrastructure secondaries, making these typically institutional strategies accessible to a wider range of investors.

Infrastructure is essential, contracted, and can provide long-term, non-correlated cash flows and stability to an investor’s portfolio. Australian eligible wholesale investors can access the infrastructure of tomorrow through leveraging Goldman Sachs Asset Management’s nearly 20-year track record and expertise in private infrastructure.

The rising appeal of Private Infrastructure

Cedric Lucas, Partner, Direct Private Infrastructure, and Henry Willans, Managing Director Head of Infrastructure Secondaries, discuss the rising appeal of private infrastructure investments, the role of secondaries in diversification, and their approach to managing mid-market assets.

Fund Highlights

Potential for long term capital growth and income

Targeting 9-11% p.a. net returns, 3-5% net cash yield and quarterly distributions.

Diversified allocation to private infrastructure

A broad allocation across diverse strategies, themes, and geographies.

A defensive strategy

Infrastructure has demonstrated stable cash flows, driven by businesses in strong market positions and resilience through market cycles.

Efficient Access

Direct access to Goldman Sachs’ proprietary deal flow through an open-end structure, with monthly applications and redemptions* and quarterly distributions**.

*Processed monthly, subject to liquidity. Redemption requests must be received 40 Calendar Days prior to the Redemption Date.
**Quarterly when applicable or available from the Underlying Fund.

Why mid-market private infrastructure is attractive

Potential for strong, resilient performance

Infrastructure investments have provided stable and strong returns through various macroeconomic cycles.

Growth potential from secular megatrends

Decarbonisation, digitisation, and deglobalisation are reshaping infrastructure investing.

Potential to mitigate portfolio risk

Offers low correlation with traditional assets and inflation protection through long-term, linked revenue streams, providing stability in volatile markets.

Fund at a glance

Fund Name and APIR
West Street Private Infrastructure Fund (AUD) - Class A  (APIR: CHN3276AU)
Responsible Entity
Channel Investment Management Limited ACN 163 234 240 AFSL 439007
Underlying Fund
G-INFRA (Lux) a sub-fund of Goldman Sachs Alternatives SICAV
Underlying Fund Manager
Goldman Sachs Asset Management Fund Services Limited, Goldman Sachs Asset Management International
Investment Objective
Seeks to generate long-term capital appreciation by investing in a diversified global portfolio of infrastructure investments
Underlying Fund Target asset allocation
Shares in the Underlying Fund; and Cash (for short-term Fund operations)
Underlying Investments
Authorised investments of the Underlying Fund include, but are not limited to:
Directly originated equity, equity-related and similar securities or instruments and co-investments
Minimum investment amount
A$100,000 with lower minimums via platform access
Valuations
Monthly
Applications
Monthly
Redemptions
Monthly1
Management fee2
1.40% p.a. of the net asset value of the Fund
Indirect performance fee3
The AU Fund does not charge a performance fee. Underlying Fund estimated performance fee of 1.16% p.a. of the NAV of the AU Fund.
Currency
AUD
Minimum suggested timeframe
Five years plus

1 It is expected that, while the Fund is liquid, requests for redemption of Units will generally be processed monthly on the last Calendar Day of each month (‘Redemption Date’). Note that an Investor’s ability to redeem will be subject to various factors including available cash in the Fund and the Fund’s ability to redeem from the Underlying Fund. A request for redemption must be received at least 40 Calendar Days prior to the Redemption Date.

2 Exclusive of the Underlying Fund’s estimated expenses of 0.97% p.a., estimated expense recoveries of 0.01% p.a., Alternative Investment Fund Manager (AIFM) fee of 0.04% p.a.

3 Performance fees charged by interposed vehicles are deducted from the assets of the interposed vehicles as and when incurred and are therefore reflected in the Underlying Fund’s NAV and the value of the Fund’s investment in the Underlying Fund.

Portfolio Positioning and Suitability

The Fund can complement traditional equity and fixed income exposures and can form part of a private alternatives allocation. It may suit Australian eligible investors who:

  • Have a long-term investment timeframe
  • Are looking for potentially consistent income streams
  • Are looking for growth potential that capitalise on major long-term secular megatrends
  • Seek a hedge against inflation and downside protection
  • Seek diversify geographically to reduce reliance on concentrated Australian exposures
  • Are comfortable with the less liquid nature of private infrastructure.

What are the Risks?

Several specific risks are associated with investing in the Fund. This can include, but is not limited to:

  • Market risk
  • Interest rate risk
  • Underlying Fund risk
  • Liquidity risk
  • Withdrawal risk
  • Infrastructure asset risk
  • Foreign currency risk
  • Foreign investment risk
  • Regulatory risk

Please refer to section 7 of the Product Disclosure Statement for more information about the Risks of investing in the Fund.

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This information has been prepared for use only by wholesale clients (As defined under the Corporations Act 2001 (Cth)).

Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘CIML’) is the responsible entity for the West Street Private Infrastructure Fund (AUD) ARSN 678 090 625 (‘AU Fund’). Neither CIML, its officers, or employees make any representations or warranties, express or implied as to the accuracy, reliability or completeness of the information contained in this presentation and nothing contained in this presentation is or shall be relied upon as a promise or representation, whether as to the past or the future. Past performance is not indicative of future performance. This information is given in summary form and does not purport to be complete. Information on this website should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in the AU Fund and does not take into account an investor’s particular investment objectives, financial situation or needs. Before acting on any information investors should consider the appropriateness of the information having regard to these matters, any relevant Product Disclosure Statement (PDS) and in particular, they should seek independent financial advice. For further information and before investing, please read the PDS and Target Market Determination (TMD).

Any interests expressed is taken as an indicative intention only and is not binding on the investor or CIML.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Channel Capital or Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this website and may be subject to change, they should not be construed as investment advice. This material on the Underlying Fund is provided for educational purposes, in the context of the distribution of the only and should not be construed as investment advice or an offer or solicitation to participate in the Underlying Fund.

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