SWF

Peter Costello said partnerships with local investors, but also greater transparency on the part of sovereign funds is the way forward.

Its infrastructure and timberland team is responsible for an A$8bn global portfolio, making it one of the largest infrastructure investors in the world.

The state fund hopes to mobilise a further $2bn of investment into the industry from local funds and state governments.

Officials responsible for investing in infrastructure, oil, gas and agriculture are working together to create “package deals” in emerging countries, involving components for each sector.