Palisade’s Australian Social Infrastructure Fund comprises two unlisted wholesale stapled unit trusts – Palisade’s Australian Social Infrastructure Fund 1 (PASIF1) and Palisade’s Australian Social Infrastructure Fund 2 (PASIF2).
Pinnacle Fund Services Limited is the trustee of PASIF1 and Pinnacle RE Services Limited is the trustee of PASIF2. Palisade is the investment manager for each of PASIF1 and PASIF2 under an investment management agreement with each trustee.
The Palisade Australian Social Infrastructure Fund (PASIF) invests in Australian social infrastructure assets delivered under a PPP model. Government ‘availability payments’ account for the majority of project revenues, where government accepts or manages demand or utilisation levels for the facilities.
Social infrastructure assets typically offer long term, low volatility and inflation-linked income streams with little or no correlation to economic cycles. These characteristics mirror the objectives of the fund, which are to offer long term, low volatility, inflation linked distributions to investors.
The Fund was established in early 2011 and holds an interest in the following assets:
- Gold Coast Rapid Transit
- Casey Hospital
- South Australian Police and Courts
- LEAP 1
- LEAP 2
- Biosciences Research Centre