UniSuper makes first direct European infra investment for $670m

UniSuper has taken a 5% indirect stake in mobile towers firm Vantage Towers in an A$1 billion ($670 million) deal This acquisition, facilitated by alternative asset manager KKR, is UniSuper's first direct unlisted infrastructure investment in Europe and is indicative of an extended focus on private markets. Sandra Lee, UniSuper “This is a high-quality defensive infrastructure investment with strong fundamentals and growth prospects,” Sandra Lee, head of private markets a…