Investors

Market conditions

Infrastructure investments remain an attractive source of income and capital appreciation for investors.

Demand for infrastructure investment remains strong. In the current low interest rate and growth environment investors are attracted by the perceived stability of infrastructure assets and the potential for higher yields on investment than achievable through holding cash.

Competition for new investments combined with the availability of debt finance for infrastructure investment on attractive terms has driven the price of infrastructure assets materially higher over recent years and therefore projected returns lower.

In particular, we continue to see high levels of competition for large core economic infrastructure assets. The relative size of these investments and their supporting regulatory environment make investments of this nature attractive for both direct investors and fund managers.

INVESTMENT ACTIVITY

Market conditions have shaped our investment activity to focus on:

  • Mid-market economic infrastructure businesses in the core and adjacent sub-sectors;
  • Economic infrastructure businesses with characteristics that can be managed to enhance value over the period of ownership, including for example some level of demand or market risk.

Latest Results

Our results for the for the year to 31 March 2020 were announced on 07 May 2020.

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