About us

Our business model

Our resources

Investment Adviser’s team

A team of 29 who have significant experience of investing in and  managing infrastructure  assets

3i network

The Investment Adviser’s team draws on 3i Group’s considerable network of business leaders and relationships to help both originate and manage the infrastructure assets

Access to funds

The Company’s flexible funding model allows the business to maintain an efficient balance sheet whilst retaining the ability to make new investments

Reputation/brand

We are respected in the marketplace both for our strong investment performance, but also for acting responsibly

How we create value

Source Well
Through the Investment Adviser we identify a pipeline of opportunities that have the following characteristics

Asset intensive or long-term concessions

Businesses with a significant asset base that they own in perpetuity, or long-term concessions backed by robust regulatory frameworks, generating stable long-term cash flows

Essential services

Businesses that provide essential services to the communities in which  they operate, or to other  businesses operating in markets with high barriers  to entry and providing some downside protection

Acceptable element of market/usage risk

Businesses that, along with downside protection, offer upside through an acceptable level of demand risk

Opportunities to enhance value

Enhancements to the current business plan or potential growth opportunities

Target sectors

Focus on investments in  the Company’s target sectors, or adjacent markets

Geographical focus

Developed markets, principally the UK and Europe

Buy Well
We are a patient and selective investor with a rigorous and consistent approach to selecting the best investment opportunities

Buy the right asset

Understand what we are buying through comprehensive due diligence

With the right team

Ensure we have a strong team in place aligned to our investment objectives

And the right plan

Develop a sustainable, long-term business plan that can be delivered

That fits our portfolio

Consistent with our return and yield targets

With the right governance

Controlling majority or significant minority investments with strong governance rights

Manage Well
The Investment Adviser works closely with our portfolio companies to drive operational and financial performance to deliver the investment case

Through an engaged asset management approach the Investment Adviser works with the management team to set the direction and strategic plan for the business.
This approach relies on a close partnership between the Investment Adviser and the management team. The Investment Adviser utilises a systematic, tailored approach to managing investments and has a proven track record of supporting management to deliver performance.

Sale of assets

The Company is a long-term holder of investments, with no fixed horizon for the sale of assets from its portfolio.
We will however consider selling investments when a sale would maximise value for our shareholders.

Our approach to
asset management

  • Consider follow on investments/ M&A opportunities
  • Monitoring and performance management
  • Best practice governance and oversight
  • Support and incentivise the management
    team
  • Define the strategic direction
  • Implement an efficient and appropriate capital structure
  • Drive operational performance

Engaged Asset
Management

Responsible Investment policy embedded into our investment and portfolio monitoring processes

Delivered objectives

7.85p

Ordinary dividend

41.4p

Special dividend

28.6%

Total return on opening net asset value for the year

19%

Annualised asset IRR since IPO

Back to top