Cbus, sources said, joined DIF’s selldown to avoid contemplating life on the register with an unknown major shareholder.
Some $1 billion in Australian solar and wind assets are set to hit the auction block after a looming redemption deadline at DIF Capital Partners prompted the global fund manager to offload the portfolio.Street Talk can reveal DIF and Cbus have mandated Macquarie Capital to sell a combined 80.1 per cent stake in Bright Energy Investments, which is being marketed as the third-largest portfolio in the Wholesale Electricity Market to come to the market since 2008.
The industry superannuation giant, managing some $85 billion in retirement savings, has been a minority shareholder at Bright Energy since 2018.
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