IFM Investors (US) Advisor, LLC (“IFM (US)”) was formed as a Delaware limited liability company
in August 2007. IFM (US) is a member of an Australian-based financial services group. IFM Investors
(US), LLC is the sole member of IFM (US) (the “Member”). The Member is also a Relying Adviser
of IFM (US). IFM (US) and the Member are each wholly-owned subsidiaries of IFM Investors Pty
Ltd (the “Master Advisor”), a company organized under the laws of Australia whose indirect parent
is Industry Super Holdings Pty Ltd (the “Ultimate Holding Company”). Collectively, the Master
Advisor and its subsidiaries including IFM (US) and the Member are referred to as “IFM Group”
herein. As of the date of this Brochure, the Ultimate Holding Company is owned by 17 Australian
superannuation funds (pension funds) (the “Shareholders”) regulated by the Australian Prudential
Regulatory Authority. No single Shareholder owns greater than 25% or more of the shares of
Industry Super Holdings Pty Ltd.
IFM (US) primarily provides non-discretionary advisory services to (i) the Master Advisor with
respect to a portion of the portfolio of IFM Global Infrastructure Fund, a Cayman Islands multi-
series unit trust (the “Master Fund”), (ii) IFM Global Infrastructure (US), L.P., a Delaware limited
partnership, IFM Global Infrastructure (US) I-A, L.P., a Delaware limited partnership, IFM Global
Infrastructure (US) I-B, L.P., a Delaware limited partnership, and IFM Global Infrastructure
(Offshore), L.P., a Cayman Islands exempted limited partnership, (the “US and Offshore
Feeders”), and (iii) IFM Global Infrastructure (Canada), L.P., a limited partnership organized under
the laws of the Province of Ontario, Canada, IFM Global Infrastructure (Canada) I-A, L.P., a
limited partnership organized under the laws of the Province of Ontario, Canada, and IFM Global
Infrastructure (Canada) B, L.P., a limited partnership organized under the laws of the Province of
Ontario, Canada (the “Canada Feeders”). Collectively, the US and Offshore Feeders and Canada
Feeders are referred to as the “Funds”, and individually each is referred to as a “Fund”. The general
partner of the US and Offshore Funds is a related person of IFM (US), IFM Global Infrastructure
(US) GP, LLC (“US General Partner”), is a related person of IFM (US), while the general partner
of the Canada Feeders is IFM Global Infrastructure (Canada) GP, LP (“Canadian General
Partner”).
IFM (US) also provides discretionary advisory services to an account structured as a Cayman
Islands exempted limited partnership (the “Partnership”). The general partner of the Partnership,
IFM Global Infrastructure (US 2) GP, LLC (“US General Partner 2”), is a related person of IFM
(US).
Collectively, the US General Partner, Canadian General Partner, and US General Partner 2 are
referred to as “General Partners” and individually each referred to as a “General Partner”.
Collectively, the Partnership and the Funds are considered “Advisory Clients” of IFM (US).
At this time, the Funds invest all of their assets into the Master Fund, under an Advisory and
Administration Deed. IFM (US) assists the Master Advisor with the selection and evaluation of
investment opportunities for the Master Fund, which generally involves comprehensive on-site due
diligence and review of each infrastructure project being considered for investment. IFM (US) also
assists the Master Advisor in advising on some of the existing assets of the Master Fund.
The investment objective of the Funds is to acquire and maintain, through the Master Fund, a
diversified portfolio of global infrastructure investments and related operating companies (generally
referred to herein as “portfolio companies”),
in accordance with specific investment criteria and
portfolio restrictions set forth in the confidential offering memorandum, limited partnership
agreement and other governing documents of each Fund (the “Governing Documents”). However,
the portfolio restrictions and investment criteria of the Funds could change over time and particular
investment decisions could depart from the portfolio restrictions and investment criteria set forth in
the Governing Documents. Investors and prospective investors in the Funds should refer to the
Governing Documents for complete information on the investment objectives, investment criteria
and investment restrictions with respect to a particular Fund. There is no assurance that any of the
Funds’ investment objectives will be achieved.
Shareholders
Industry Super Holdings Pty Ltd
(Ultimate Holding Company)
IFM Holdings Pty Ltd
IFM Investors Pty Ltd
(Master Advisor)
IFM Investors (US), LLC
IFM Investors (US)
Advisor, LLC
IFM Global
Infrastructure (US)
GP, LLC
100%
100%
100%
100%
100% 100%
IFM (US)
Securities, LLC
(Broker‐Dealer)
100% 100%
IFM Global
Infrastructure (US 2)
GP, LLC
100%
IFM Global
Infrastructure (US 3)
GP, LLC
IFM (US) has and may in the future enter into “side letters” or similar agreements with certain
investors in the Funds granting the investor certain specific rights, benefits, or privileges that are
then generally made available to investors who have the same or a larger investment in the Fund,
subject to certain exceptions and limitations. Such agreements can include, among other items,
provisions addressing investor notifications or reporting, management fees and performance fees,
and specific legal or regulatory requirements of an investor.
Investors in the Funds (“Limited Partners”) have no authority to influence or change the Funds’ or the
Master Fund’s investment objectives or limitations nor do they have the authority to participate in
the management of the Funds or the Master Fund. Limited Partners have no right to remove or replace
IFM (US) as the Funds’ investment adviser. Limited Partners are advised to carefully read the
Funds’ Governing Documents to understand the investment strategy and risks involved.
From time to time, the Master Fund designates officers or employees of the IFM (US) or the
Master Advisor to serve on the boards of directors of portfolio companies of the Master Fund.
Such officers or employees have a right to receive compensation in connection with such services
and roles.
IFM (US) also provides advisory services to a Partnership and generally has discretionary authority to
supervise and direct certain infrastructure investments for the Partnership, subject to the investment
management agreement for the Partnership. The Partnership often makes a partial investment in a
Fund along with other investments, such as Master Fund co-investments or other investment
opportunities not considered for the Master Fund. The Partnership can impose investment
restrictions and guidelines within the investment management agreement.
The information above about the investment advisory services provided by IFM (US) is
qualified in its entirety by reference to the Governing Documents and the Funds’ subscription
agreements as well as the Partnership’s investment management agreement.
As of June 30, 2023, IFM (US) had approximately US$28,777,690,085 in regulatory assets under
management (“RAUM”). Of the RAUM, US$330,235,939 was managed on a discretionary basis
and US$28,447,454,146 was managed on a non-discretionary basis.