IFM Investors pushes into large scale PE investment space
Jeremy Larkin to lead new initiative
IFM Investors will make a concerted push into larger scale private equity investments and have hired M&A veteran Jeremy Larkin to head up the new initiative.
Announcing the development, IFM’s head of Private Equity Stuart Wardman-Browne said that the initiative to make larger scale investments was appropriate.
“The longer term focus of industry super funds’ and IFM’s flexible structures and strategy to maximise members super savings is suited to making longer term investments in market-leading, large-scale businesses. Jeremy Larkin will lead this important element of our private equity strategy to drive member returns.”
Jeremy Larkin is one of Australia’s most experienced and highly regarded investment bankers. He originally trained as a Chartered Accountant with KPMG, and then spent more than 25 years in corporate finance with Deutsche Bank and J.P. Morgan. During his time as an investment banker Jeremy advised many leading ASX listed companies, including BlueScope, CIMIC, Cleanaway, Link Group, Metcash, Qantas, Qube and Wesfarmers.
He also has substantial experience in advising State and Federal Governments and domestic and global financial investors.
Jeremy is the latest addition to IFM Private Equity’s investment in talent and capacity over the last 12 months following the recruitment of Bora Han, Adrian Kerley and David Odgers as well as Jonathan Ramasamy.
Stuart Wardman-Browne said “Jeremy brings extensive experience in originating and executing large-cap M&A transactions, including public-to private. This experience, along with his networks within corporate Australia, complement our existing high quality private equity networks, skills and experience partnering with founders and management teams. He is also shares IFM’s commitment to placing investors at the forefront of all our decisions.”
“IFM Private Equity’s primary focus remains mid-market growth companies to protect and grow the retirement savings of industry super members we invest on behalf of, however we continue to evolve our offering to investors and this initiative and the hire of Jeremy is a part of this commitment to remain at the cutting edge.”
Jeremy Larkin said “I am delighted to be joining IFM and its Private Equity team. IFM has an impressive record of investment and stewardship, and I am very much looking forward to contributing to the growth and diversification of investment opportunities for Australian superannuation funds.”