Sun Life completed the acquisition of an 80% stake in InfraRed Capital Partners for $390m.

Sun Life Financial, an international financial services organization, completed the acquisition of an 80% stake in InfraRed Capital Partners, a global infrastructure and real estate investment manager, for $390m. "I am delighted to announce this transaction with Sun Life and SLC Management which enables us to drive the growth of our business in the Americas, in particular the renewable energy market SLC Management and InfraRed have complementary capabilities, a similar culture of prudence and long-termism, and proven track records of delivery," Werner von Guionneau, InfraRed Capital Partners Chief Executive Officer.