Asset description
- Hawaiki is a 15,000 km fibre optic deep sea cable linking Australia, New Zealand, the Pacific and United States.
- It is the largest and fastest link between Australasia and the USA, with a total capacity of 67 Tbps, equivalent to streaming 2.6 million 4k TV streams simultaneously
LOCATION: Sydney, Auckland, Hawaii, Hillsboro, Seattle, Los Angeles, the Pacific Islands of New Caledonia and Tonga
INVESTMENT DATE: 2018
EXIT HIGHLIGHTS
- Palisade-managed investors have been invested in Hawaiki since it reached “ready-for-service” in 2018
- The selldown provides investors with an attractive return above investment case