Market conditions
Infrastructure investments remain an attractive source of income and capital appreciation for investors.
Competition for new investment primarily comes from private infrastructure funds. Most other UK-listed infrastructure funds typically target smaller investments in finite life contracted assets like operational and greenfield Public Private Partnership (‘PPP’) projects or operational renewable portfolios, which are outside our investment focus.
Our primary investment focus remains mid-market core-plus infrastructure with controlling majority or significant minority positions and strong governance rights, whilst adhering to a set of core investment characteristics and risk factors.
A number of infrastructure managers have shifted from middle market to large cap investment strategies over time. This creates a visible route to exit for 3iN’s investments. We have also seen a number of high-profile private market manager acquisitions, such as BlackRock’s acquisition of Global Infrastructure Partners. This is in anticipation of rapid growth in the infrastructure sector and is indicative of continued growth of buyer interest for our existing portfolio.
Investor Meet Company
CFO James Dawes shares our Pre-close update, including the successful exit of TCR, the new investment in LMD and the bolt-activity from Joulz, ESVAGT and Future Biogas.
AJ Bell
Find out how we invest in resilient, growing businesses shaped by megatrends — creating value through active ownership to deliver long-term sustainable returns.
