We aim to invest directly in mid-sized, infrastructure assets generating inflation-protected income over a long investment horizon.
Direct and active ownership of real world assets delivering essential services for the long-term.
- Invested in assets that are vital for economic activity; are mature with proven need and future demand; and are located in stable, developed countries with limited competition within their markets.
- Experienced team with well-established investment philosophy and approach that has been tested in diverse market conditions for over 20 years
- Hands-on governance and active management of investments to add value and mitigate risk
Why Unlisted Infrastructure
Our controlling interest and active management through board representation, allows us to make long-term decisions that seek to add value through-out the life of the investment.
How we do it
We believe long-term sustainable returns can be achieved by taking controlling interests in mid-sized, mature, income generating infrastructure assets.
We apply a long-term investment horizon aligned with the asset life, with our highly experienced team working closely with investee company management teams.
We avoid large, often over-valued trophy assets. But we do target assets that we believe are vital for economic activity; are mature with proven need and future demand; and are located in stable, developed countries with limited competition within their markets.
Our investment process is highly selective. Between 2011 and 2017 we reviewed more than 1,300 transactions. Only 40 made it through full due diligence and 17 were successfully acquired.
Once acquired we use our ownership stakes to drive improvements in corporate governance, operational management and ESG performance, adding additional value and reducing risk in the process. Positive ESG performance is considered essential to maintain the assets’ social licence to operate.
We are committed to a strong fiduciary focus and partnership approach with clients including independent valuations, oversight by an investors’ representative group, and regular communication on investment activities at all stages.
The team is very stable with the 5 senior team members joining over 10 years ago. The infrastructure investment comprise 37 specialists based in Sydney and London, with an average of 7 years’ industry experience.
Our team has significant infrastructure investing and relevant industry experience and is supported by an eight person global advisory panel with deep industry experience.
Our team have a 23-year track record of investing in infrastructure assets on behalf of over 100 institutional investors over this period. We have acquired 51 assets and disposed of 34 since inception with 17 assets currently held in our four unlisted infrastructure vehicles and in 10 institutional mandates.
We believe that excellence in RI, operating to the highest standards of professional ethics and our commitment to our stewardship principles delivers better long term investment outcomes for our clients.
Our RI strategy is based upon three strategic pillars of quality, stewardship and engagement. This strategy is underpinned by a strong governance framework and is supported by our specialist RI team. Each year we publish a responsible investment and stewardship report which outlines our progress in these areas and profiles each of our investment team’s approaches to responsible investment. We also include over 100 case studies of responsible investment in practice
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