IFM announces exit from Australian mid-market growth private equity strategy
IFM Investors →IFM announced on 2 October 2025 that it had decided to exit its Australian mid-market growth private equity strategy and focus on other global priorities. Chief executive David Neal stated that the team had achieved a 33% net internal rate of return in the growth strategy since 2019, but had not scaled it sufficiently to make the Australian strategy commercially viable for IFM. The firm said it would work with the team and portfolio companies on exits over the following four to five years in the interests of existing investors. IFM reiterated its commitment to infrastructure, debt, listed equities and real estate. The disclosed IRR relates to the strategy, not an individually identified fund, and the statement does not describe an immediate liquidation of all holdings.