Infrastructure Secondaries Daily
IFM tops 50% in Atlas Arteria; PSERS shifts $20B to BNY
Thursday, June 25, 2026 · 10 min
IFM Investors crossed majority control of Atlas Arteria after lifting its $5.10-a-security bid, giving listed toll roads a live valuation signal for infra secondaries. Railpen’s rejected IP Group approach and PSERS’s $20 billion BNY outsourcing add pension-capital pressure around discounts and mandates.
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Show notes
IFM Investors crossed majority control of Atlas Arteria after lifting its $5.10-a-security bid, giving listed toll roads a live valuation signal for infra secondaries. Railpen’s rejected IP Group approach and PSERS’s $20 billion BNY outsourcing add pension-capital pressure around discounts and mandates.
In this episode
- IFM builds Atlas Arteria stake to majority | Financial Standard — Financial Standard
IFM builds Atlas Arteria stake to majority | Financial Standard The latest issue of Financial Standard now available as an e-newspaper READ NOW | https://www.financialstandard.com.au/section/investment | | --- | ## Investment | | | --- | # IFM builds Atlas Arteria stake to majority BY RIDDHIMA TALWANI| WEDNESDAY, 24 JUN 2026 11:53AM IFM Investors has been slowly creeping control over…
- Step Back — If today's concrete signal is IFM moving to majority control of listed toll-road operator Atlas Arteria, how should we read that for private infrastructure secondaries — is a public share price a cleaner benchmark than a fund NAV, or just a different kind of messy signal?
Background sources
- IFM builds Atlas Arteria stake to majority | Financial Standard — Financial Standard
- Atlas Arteria valuation by Kroll finds toll road group worth at least $1b more than IFM offer — Simon Evans
- Atlas Arteria takeover: IFM Investors labels independent valuation unbalanced and misleading — Simon Evans
- IFM Investors launches $6.9 billion hostile bid for Atlas Arteria — Jenny Wiggins
- IFM raises Atlas Arteria's bid, urges shareholders to accept | Financial Standard — Financial Standard
- IFM bid undercuts Atlas Arteria value by $1bn: Independent expert | Financial Standard — Financial Standard
- IP Group rejects Railpen bid to make it a venture capital manager for pension schemes - QuotedData — QuotedData
IP Group rejects Railpen bid to make it a venture capital manager for pension schemes - QuotedData ## News - Home - IP Group rejects Railpen bid to make it a venture capital manager for pension schemes # IP Group rejects Railpen bid to make it a venture capital manager for pension schemes ###### Sectors IP Group (IPO), the £581m early-stage investor in university spin-off companies, has…
- PSERS outsources $20 billion in investments to BNY Investments Mellon — The Philadelphia Inquirer
PSERS outsources $20 billion in investments to BNY Investments Mellon Business Gift Gift this article Copy Link Email Facebook X Bluesky Threads WhatsApp Gift this article Copy Link Email Facebook X Bluesky Threads WhatsApp Share Share this article Copy Link Email Facebook X Bluesky Threads WhatsApp Share this article Copy…