Resolution Capital globalises real assets strategy

Binaya Dahal

Journalist

6 July 2026

Resolution Capital has moved to globalise its flagship real assets strategy, saying Australia’s listed infrastructure market has become too narrow and concentrated to provide sufficient diversification and returns.

The Sydney-based manager on Friday renamed the Resolution Capital Real Assets Fund as the Resolution Capital Global Real Assets Fund and expanded its mandate from Australian securities to global listed real estate and infrastructure.

The fund will now invest across data centres, regulated utilities, midstream energy, telecom towers, rental housing and healthcare real estate – sectors largely absent or underrepresented on the ASX.

It will be benchmarked against a 60/40 blend of the FTSE Developed Core Infrastructure 50/50 (AUD hedged) and FTSE EPRA/NAREIT Developed Index (AUD hedged), replacing its previous benchmark, the S&P/ASX 300 A-REIT Accumulation Index.

Resolution Capital chief investment officer Andrew Parsons said the shift reflected structural changes in the domestic listed market, particularly infrastructure.

“The Australian listed infrastructure universe has shrunk to a handful of names since Sydney Airport, AusNet and Spark Infrastructure were taken private,” he said.

“At the same time, Goodman Group now makes up around 40 per cent of the A-REIT index, up from 17 per cent in 2019. This level of concentration has become a real risk-management constraint.”

The new structure also channels capital through Resolution Capital’s existing offshore vehicles, with around 40% allocated to the Global Property Securities Fund and 60% to the Global Listed Infrastructure Fund.

The firm has invested in Australian listed property since 1995, expanded offshore exposure in 2005, and progressively broadened its mandate through the launch of its Core Plus strategy in 2008 and the Real Assets Fund restructure in 2019.