Investment Capabilities

Infrastructure

Essential assets that modern economies depend on — owned, operated, and improved over decades.

$6.3B

Deployed

22

Assets

8

Countries

Core and Core-Plus Infrastructure

We invest in the infrastructure that supports daily life — energy generation and distribution, digital connectivity, water treatment, transportation networks. These assets have one thing in common: people can't live without them.

Our approach is long-duration and operational. We don't flip infrastructure. We buy assets with 20-50 year concession lives, then spend the next decade improving their efficiency, reducing their costs, and extending their contractual revenue visibility.

Our Infrastructure Focus

  1. Energy TransitionRenewables, storage, grid infrastructure supporting decarbonization

  2. Digital InfrastructureData centers, fiber networks, towers

  3. TransportPorts, airports, toll roads with regulated or contracted revenues

  4. Water & UtilitiesEssential services with long concession lives and inflation linkage

  5. Social InfrastructureSchools, hospitals, government facilities under availability payments

How We Work

Our Approach

01

Concession & Contract Analysis

Infrastructure returns are only as good as the contract behind them. We analyze regulatory frameworks, concession terms, and offtake agreements before we model cash flows.

02

Regulatory Due Diligence

Every jurisdiction has different rules for how infrastructure is priced, taxed, and allowed to earn returns. We employ local regulatory experts, not just financial analysts.

03

Technical Assessment

We bring in independent engineers to assess asset condition, remaining useful life, and capex requirements. We don't rely on the seller's estimates.

04

Operational Improvement

Post-acquisition, we benchmark our assets against global peers on cost, efficiency, and safety. Operational improvement is where infrastructure value is created.

05

ESG Integration

Infrastructure assets sit at the center of the energy transition and social equity debates. We take environmental and social performance seriously — as a risk management discipline, not just a reporting exercise.

Track Record

Select Infrastructure Investments

North Sea Offshore Wind Farm

United Kingdom

600MW offshore wind development structured as a 30-year availability payment concession. Anchor investor alongside two Nordic pension funds.

12% unlevered yield

Southeast Asian Port Network

Vietnam & Indonesia

Majority stake in a 4-terminal port network serving container shipping routes in Southeast Asia. Revenue linked to trade volume growth.

Unrealized. +18% EBITDA

European Data Center Portfolio

Netherlands & Ireland

Three hyperscale data centers acquired in 2022 on 15-year triple-net leases to global cloud operators. Financed at 55% LTV.

Realized. 2.2x MOIC

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Long-duration assets with inflation-linked returns for institutional portfolios.