Portfolio

Economic infrastructure businesses

Dynamic businesses that own their asset base in perpetuity

£50–£250m
Typical range of equity investments

9–14%
Typical range of returns per annum

Businesses generally:

  • Own their asset base in perpetuity or have long-term concessions backed by robust regulatory frameworks
  • Provide essential services
  • Have a strong market position
  • Generate stable cash flows

Some businesses may have some characteristics which, through an engaged asset management approach, can enhance returns, including:

  • Growth opportunities
  • Demand/market dynamics
  • Greater operational complexity

 

As at 31 March 2018, economic infrastructure businesses made up 87% of our portfolio.

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