About infrastructure

Our Infrastructure team invests in companies with stable underlying performance: asset-intensive businesses and projects, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues.

Economic infrastructure businesses

Projects

Primary PPP

Low-risk energy

Businesses generally:

  • own their asset base in perpetuity
  • often provide essential services
  • have a strong market position
  • generate stable cash flows

Greenfield projects in the education, transport, healthcare, and public sector accommodation sectors

Low-risk energy projects in wind, solar or offshore transmission

Some businesses may have some characteristics which, through our engaged asset management approach, can enhance returns:

  • growth opportunities
  • demand/market risk
  • greater operational complexity

Concession-based with typical life of 20-30 years

Typical life of 20-30 years

Equity investments typically between £50m and £250m

Equity investments typically between £5m and £50m

Returns typically between 9% and 14%

Returns typically between 9% and 12%