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Money Management

Centricus takes stake in global infrastructure firm

Centricus acquired a 30% stake in Global Investment Holdings, an infrastructure investment company.

The global investment platform, backed by group of long-term investors including sovereign wealth funds, added Global Ports Holding, a London-listed port business, to its portfolio due to the purchase of a stake in GIH.

"Centricus targets superior returns across sectors. GIH has an attractive portfolio of assets with considerable growth potential, particularly in the ports and clean energy spaces," Dalinc Ariburnu, Centricus' co-founder, said in a news release. "This deal builds on a successful year for our firm, during which we have made a series of acquisitions to develop our unique relationship network and continue providing innovative access to capital."

Centricus was formed following an acquisition of London-based alternatives manager Halkin Asset Management by global alternative investment platform FAB Partners.

Mr. Ariburnu, along with the Centricus co-founder Nizar Al-Bassam, led the structuring and fundraising for the Vision Fund, a $93 billion global technology investment fund being raised by SoftBank.

A spokeswoman was not able to provide more details. Further details, including assets under management and terms of the deal, could not be learned by press time.