Our team of experienced specialists has worked with more than 60 companies across Europe and has raised and managed over £6 billion across six funds.
- Sector
- Fund
Kelda
Kelda Group owns Yorkshire Water, at the point of realisation was the 5th largest UK water and sewerage company ("WaSC") with assets of over £4.5 billion. Kelda provided clean water and wastewater services to 4.7 million customers within the licensed area of Yorkshire and Humberside and to clients throughout the rest of the UK as part of its unregulated business.
The business provides stable inflation-linked yield underpinned by a regulatory pricing regime.
Infracapital focused on improving regulatory performance and customer service and during ownership significantly increased Regulated Capital Value.
Realised: May 2017
Affinity Water
Affinity Water is a UK regulated water business, providing water services, at the point of realisation, to a population of over 3.5 million people in three distinct regions of northwest London and southeast England. The businesses own above- and below-ground assets and manage the supply of water to their customers on an integrated basis.
The business provides strong inflation-linked yield underpinned by a regulatory pricing regime.
Infracapital carved the business out from a large utility company and established Affinity Water as a standalone company that achieved Ofwat “enhanced status” under our ownership.
Realised: May 2017
Associated British Ports
Associated British Ports owns and operates 21 ports around Great Britain making it the largest landlord port operator in the country.
ABP's operations offer excellent geographic coverage and handle a diverse mix of cargo, both by type, trading origin and destination. Ports include Immingham, the UK’s largest port by tonnage, and Southampton, the UK’s second largest container terminal.
The business has a strong stable earnings base due to its ‘landlord nature’ and diversification of cargoes, customers and geography of ports, as well as a substantial amount of contracted income.
Realised: July 2015
Red Funnel
Established in 1861, Red Funnel provides passenger, vehicle and freight ferry services between the UK mainland and the Isle of Wight. The business provides c.20,000 crossings per annum, operating 364 days a year. The Isle of Wight is a popular holiday destination as well as having a fast growing population.
Red Funnel has a strong market position, providing stable operating cash flows.
Under Infracapital’s ownership the business made significant operational improvements and substantially grew market share while delivering best in class customer service.
Realised: July 2017
M6
The construction and maintenance of 30km of new motorway in Scotland and the maintenance of 74km of existing motorway adjacent to the new road.
Gruppo Investimenti Portuali SpA
Gruppo Investimenti Portuali SpA (“GIP”) is one of the leading independent container terminal operators holding strategic concessions at four key origin/destination terminals, in Northern Italy. GIP leases facilities from the local port authority, provides equipment, hires and trains labour, secures customers and manages the day to day cargo handling operations. In addition to long established onward transport links, easy access to the Suez Canal makes GIP the preferred hub for European trade with the Far East.
The business has a strong market position and a stable earnings base underpinned by contracts with longstanding customers.
Corelink Rail Infrastructure (CORELINK)
Corelink is a rolling stock lessor platform providing financing for the procurement of new trains by the UK’s West Midlands franchisee. The West Midlands Franchise provides commuter, inter-urban and regional services to passengers in the West of England and London.
The business benefits from high barriers to entry and long term predictable cashflows with rolling stock historically staying in service on the same franchise for the full useful life.
GB Railfreight (GBRf)
GBRf is the UK's third-largest rail freight operator, providing essential haulage and ancillary rail services to a variety of critical end-user segments.
The business benefits from structural barriers to entry and long-term contracted cashflows in addition to increasing environmental awareness, political support and growing intermodal trade supporting the shift from road to rail.
Inland Terminal Group (ITG)
ITG is the largest inland terminal operator in the Benelux. The business provides end-to-end inland container transport services to customers using Europe’s largest deep sea ports of Rotterdam, Antwerp, and Zeebrugge. ITG's terminals are located in strategically important positions within close proximity of the Group’s clients.
Gridserve
Gridserve is a sustainable energy business decarbonising transport through electric vehicle infrastructure in the UK. The GRIDSERVE Electric Highway is a leading national public charging network covering 85% of the UK’s motorway service areas and some of the UK’s busiest retail destinations. Its charging network is supplied by net zero carbon energy through hybrid solar farms.
Recharge Infra
Recharge Infra is a market leader for public Electric Vehicle (EV) charging in the Nordics, the most advanced EV market across Europe. The business is at the forefront of the energy transition agenda and is leading the way in clean energy transportation supporting the carbon neutral agenda.
The business benefits from favourable market dynamics with significant uptake in the Nordic EV market as a result of strong policy support.
Liquin
Liquin is a specialised liquid storage terminal business with a prime position in the Port of Rotterdam. With three tank terminals strategically located in Europe’s leading refinery cluster, it is the largest hub for liquid chemical storage in the Amsterdam-Rotterdam-Antwerp (ARA) region. The integrated chemical storage units can handle a wide range of products and a broad selection of tank sizes giving its clients the flexibility to up or downscale depending on their needs.
Alticom
Alticom is the owner of national broadcast and telecommunication infrastructure in the Netherlands. Alticom has unique portfolio of 33 towers and masts providing a platform for national broadcast coverage of radio and digital television and forms an essential component of wireless networks for the Dutch telecommunication operators.
The business benefits from stable and predictable cash flows, underpinned by long term, index-linked contract revenues.
Realised: September 2017
Gigaclear
Gigaclear is a broadband developer, developing reliable, high-speed Fibre-To-The-Premises (“FTTP”) fibre optic broadband networks in the rural communities in the UK ensuring connectivity across underserved communities. The business offers speeds up to 1Gbps and is targeting a market of 1.5 million rural households currently underprovided for by the existing large broadband providers.
Nexera
Nexera is a broadband developer engaging in the construction and operation of fibre broadband networks in underserved areas across Poland, tendered by the Polish government. A meaningful portion of the projects are to be subsidised by the EU, as part of the EU’s digital agenda to achieve universal 30mbps+ broadband connectivity by 2020.
WightFibre
WightFibre is an established local telecom company on the Isle of Wight rolling out Fibre-to-the-Premises (“FTTP”) across the island targeting 51.5k homes and 1.9k businesses over three years.
The business benefits from a well-protected regional market with an established customer base.
Infrafibre Germany
Infrafibre Germany is one of the largest fibre infrastructure providers in Germany, possessing 46 networks, compromising 3,300km of fibre. The company operates substantial Fibre-to-the-Cabinet ("FTTC") and Fibre-to-the-Premises ("FTTP") networks, spanning more than 100 underserved rural communities.
Fibrus
Fibrus is a fibre broadband network provider in Northern Ireland, with plants to roll-out Fibre-to-the-Premises ("FTTP") across rural Northern Ireland. The company is targeting underserved regions to ensure access to connectivity for residential and non-residential customers with poor or no connectivity.
Ogi
Ogi focuses on providing high-quality broadband connectivity to homes and businesses currently suffering with low average broadband speeds in South Wales.
Speed Connect Austria
Speed Connect Austria is a platform focused on designing, building and operating broadband on a large scale in underserved regions in rural and semi-rural Austria. Austria has one of the lowest levels of full-fibre coverage in Europe and relatively low fixed broadband speeds compared to elsewhere in the region.
Neos Networks
Neos Networks brings together the unparalleled expertise of dedicated professionals who combine the technical excellence and innovative approaches required to provide businesses, government organisations and their partners with a superior network that is the cornerstone of the UK’s digital future. All this is done with a spirit of collaboration, partnership and integrity because we know we can achieve more, together.
Services are delivered through a UK-wide 24,480km network, offering a wide range of products and integrated solutions including leading edge WAN, Ethernet, Optical and Dark Fibre services. With decades of industry knowledge and experience, Neos Networks can be trusted to deliver efficiencies as well as a competitive edge.
Evero
Evero (formerly Bioenergy Infrastructure Group) is a UK biomass and Energy from Waste (EfW) aggregation platform. Since being established the platform has grown to one of the largest Energy from Waste operators in the UK with a portfolio of seven sites both under construction and operational, providing a solution to the excessive landfill waste issues in the UK.
Evero benefits from long-term, stable, inflation-linked revenues, backed by UK Government support for renewables.
Infracapital Solar
Infracapital Solar is a fully operational portfolio of six photovoltaic plants, with, at the time of realisation, a total operating capacity of 36.5 MW, located in Spain. The parks are located across four sites, Fontellas, Lasesa, Valtierra and Tordesillas. All parks were built under the Royal Decree 1578/2008.
The business offers a sizable standalone investment in a fragmented market and provides stable revenues with low operational risk.
Realised: December 2016
Zephyr
Zephyr Investments Ltd is one of the largest onshore wind farm portfolios in the UK, at the time of realisation, owning 17 operational wind farms with a combined capacity of 391.2MW. The portfolio includes the 60 MW North Hoyle offshore wind farm, the UK’s first major offshore wind farm built in 2003 off the North Wales coast.
The business generates revenue through the sale of electricity under long term power purchase agreements (PPAs).
Realised: March 2017
Infram Energy
Infram Energy is a renewable energy aggregation platform established by Infracapital and Amarenco Solar to invest in the late stage development and construction of renewable energy generation projects and assets across the UK, Ireland and France. The initial portfolio consists of three rooftop and ground mounted solar projects in France backed by a 20 year Feed In Tariff, with a total generating capacity of 75MW. The platform has a strong pipeline of further projects and expects to develop c.50MW of projects per annum.
The platform offers stable, inflation linked revenues backed by Government support for renewables.
Realised: March 2023
Zenobe
Zenobe Energy is one of the UK's leading operators in intelligent energy storage and EV fleet solutions, accelerating the UK's transition to a green energy system. Zenobe offers an end-to-end, one-stop service to develop, finance, install and operate EV charging infrastructure at bus depots, as well as the provision of EV bus batteries and chassis. Zenobe has over 170MW of contracted grid-scale batteries, which provide a range of services including balancing, power and reactive power services in the UK to National Grid and DNOs.
The business benefits from a substantial and growing UK and international market opportunity
Energy Nest
EnergyNest is a market leader in Thermal Batteries solutions generating environmental and economic benefits within the power sector and energy-intensive industries. EnergyNest’s differentiated technology provides a low carbon, cost-effective technology that enables both the transfer of industrial waste heat into electricity and the use of renewable power in industrial heat processes.
Novos
Construction and delivery of two wind projects in Finland which have a combined capacity of 60MW, partnering with OX2 to provide renewable energy.
Calvin Capital
Calvin Capital is the owner and supplier of gas and electricity meters to electricity utilities across England.
The business offers contracted, low risk cash flows with the potential for growth through enlarging the meter portfolio with new contracts and extensions.
Recognising early the smart meter opportunity, Infracapital was able to drive significant business expansion during ownership.
Realised: January 2017
Falbygdens Energi AB (FEAB)
FEAB operates primarily within the Swedish municipality of Falköping. The business operations comprise mainly of the production and distribution of district heating and the distribution of electricity in the area. The electricity distribution network comprises 522 kilometres of overhead lines and 1,690 kilometres of underground cables. FEAB also operates a broadband business in the municipality.
The business offers predictable low risk, long term cash flows with a strong inflation linked component.
Realised: December 2020
Adven
Adven provides environmentally friendly and business critical tailored corporate energy solutions and district heating in Finland, Sweden and Estonia, helping to reduce fossil fuel consumption in a market where heat consumption is among the highest in Europe. The platform delivers sustainable industrial energy solutions, district heating and geothermal capabilities.
The business offers a stable growth platform underpinned by existing long-term contractual revenues with a strong inflation linked component.
Realised: September 2020
GGE
GGE a.s. (“GGE”) produces and distributes heat and electricity to residential and non-residential customers in Slovakia, Poland, Czech Republic and Serbia.
The business benefits from long-term, stable revenues backed by regulatory framework guaranteeing a regulated margin.
Eteck
Eteck provides a sustainable energy solution supporting the EU agenda to reduce fossil fuel consumption. Eteck is one of the largest owners and operators of collective heating systems (“SCHS”) in the Netherlands that supply central heating, cooling and tap water to residential and commercial customers. The company is an established scalable platform with a proven track record of growth capturing the market opportunity. Eteck is optimally positioned to benefit from current energy market trends in Europe, focused on the need for environmentally friendly generation from sustainable sources.
The business offers long-term, predictable cash flows with a strong inflation linked component.
Cogenio
A diversified portfolio of energy projects (Combined Heat and Power, Solar, Heat Recovery..) at operational and construction stage in Italy and Iberia. Both geographies are forecasting significant growth in the Industrial Energy Solutions market which Cogenio is well positioned to deliver. The aim is to capitalise on growth in non-traditional energy assets such as alternative energy efficiency technologies and PV solar. The business supports industrial clients in their decarbonisation journey offering highly customised solutions.
Last Mile
Last Mile is a leading multi utility business in the UK which designs, owns and operates ‘last mile’ electricity, gas and water connections servicing residential and commercial customers. Last Mile is the third largest Independent Network Operator in the UK and provides a well-established platform for growth to capture the market opportunity.
The investment is expected to deliver stable inflation-linked cashflows over the long term, benefiting from a well-established regime and long-life assets.
C2i Portfolio
MILAN
The servicing and maintenance of the fully operational 560 bed Vimercate Hospital in the northern suburbs of Milan with 6MWe energy facility.
FLORENCE
The expansion, servicing and maintenance of the 413 bed Empoli Hospital west of Florence, plus the construction of an accompanying trigeneration energy plant (2MWe).
CAREGGI CCHP PLANT
The servicing and maintenance of a 10.6 MWe CHHP (Combined Cooling, Heat and Power) trigeneration energy centre, and its associated distribution network, serving Careggi University Hospital in northern Florence.
Accommodation
Bridgend
The design, construction and operation of a Category B prison to house 600 adults and 400 young offenders in Bridgend, South Wales.
MOD Main Building
The refurbishment, servicing and maintenance of the Ministry of Defence Main Building in Whitehall, London
Waste and water
Dudley WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Dudley Metropolitan Borough Council.
Hanford WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Staffordshire County Council.
Wolverhampton WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Wolverhampton City Council.
Education
Birmingham
Design, construction, servicing and maintenance of seven new and three refurbished schools for Birmingham Council.
Leyton
Design, construction, servicing and maintenance of a new secondary school in the London Borough of Waltham Forest.
Merton
Design, construction, servicing and maintenance of six new schools for the London Borough of Merton.
Swanscombe
Design, construction, servicing and maintenance of two new schools for Kent County Council.
Health
Bromley
Design, construction, servicing and maintenance of the new 525 bed acute Princess Royal University Hospital and a 93 bed mental health unit for the South London Healthcare NHS Trust.
Dartford & Gravesham
Design, construction, servicing and maintenance of the 400 bed Darent Valley Hospital in Kent.
Greenwich
Design, construction, servicing and maintenance of the Queen Elizabeth Hospital for the South London Healthcare NHS Trust.
Hairmyres
Design, construction, servicing and maintenance of the 476 bed Hairmyres Hospital for NHS Lanarkshire in East Kilbride, Scotland.
Norfolk & Norwich
Design, construction, servicing and maintenance of the 950 bed Norfolk & Norwich Hospital.
South Bucks
Design, construction, servicing and maintenance of two new hospitals for Buckinghamshire Hospitals NHS Trust at Amersham and Wycombe.
South Manchester
Design, construction, servicing and maintenance of the acute wing of the 950 bed Wythenshawe Hospital in South Manchester.
South Tees
The redevelopment and expansion, servicing and maintenance of the existing James Cook University Hospital in Middlesbrough.
Other
Gentian
The company constructs and sub-lets retail space and a car park in seven NHS hospitals under head lease agreements with the respective Trusts.
HCP
The company provide project management and SPV management services to PFI projects in the Health and Education sectors in the UK and Canada.
Accommodation
Bridgend
The design, construction and operation of a Category B prison to house 600 adults and 400 young offenders in Bridgend, South Wales.
MOD Main Building
The refurbishment, servicing and maintenance of the Ministry of Defence Main Building in Whitehall, London
Waste and water
Dudley WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Dudley Metropolitan Borough Council.
Hanford WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Staffordshire County Council.
Wolverhampton WTE
The design, construction and maintenance of an incinerator that burns domestic waste to generate electricity in partnership with Wolverhampton City Council.
Education
Birmingham
Design, construction, servicing and maintenance of seven new and three refurbished schools for Birmingham Council.
Leyton
Design, construction, servicing and maintenance of a new secondary school in the London Borough of Waltham Forest.
Merton
Design, construction, servicing and maintenance of six new schools for the London Borough of Merton.
Swanscombe
Design, construction, servicing and maintenance of two new schools for Kent County Council.
Health
Bromley
Design, construction, servicing and maintenance of the new 525 bed acute Princess Royal University Hospital and a 93 bed mental health unit for the South London Healthcare NHS Trust.
Dartford & Gravesham
Design, construction, servicing and maintenance of the 400 bed Darent Valley Hospital in Kent.
Greenwich
Design, construction, servicing and maintenance of the Queen Elizabeth Hospital for the South London Healthcare NHS Trust.
Hairmyres
Design, construction, servicing and maintenance of the 476 bed Hairmyres Hospital for NHS Lanarkshire in East Kilbride, Scotland.
Norfolk & Norwich
Design, construction, servicing and maintenance of the 950 bed Norfolk & Norwich Hospital.
South Bucks
Design, construction, servicing and maintenance of two new hospitals for Buckinghamshire Hospitals NHS Trust at Amersham and Wycombe.
South Manchester
Design, construction, servicing and maintenance of the acute wing of the 950 bed Wythenshawe Hospital in South Manchester.
South Tees
The redevelopment and expansion, servicing and maintenance of the existing James Cook University Hospital in Middlesbrough.
Other
Gentian
The company constructs and sub-lets retail space and a car park in seven NHS hospitals under head lease agreements with the respective Trusts.
HCP
The company provide project management and SPV management services to PFI projects in the Health and Education sectors in the UK and Canada.
M6
The construction and maintenance of 30km of new motorway in Scotland and the maintenance of 74km of existing motorway adjacent to the new road.
Associated British Ports
Associated British Ports owns and operates 21 ports around Great Britain making it the largest landlord port operator in the country.
ABP's operations offer excellent geographic coverage and handle a diverse mix of cargo, both by type, trading origin and destination. Ports include Immingham, the UK’s largest port by tonnage, and Southampton, the UK’s second largest container terminal.
The business has a strong stable earnings base due to its ‘landlord nature’ and diversification of cargoes, customers and geography of ports, as well as a substantial amount of contracted income.
Realised: July 2015
Red Funnel
Established in 1861, Red Funnel provides passenger, vehicle and freight ferry services between the UK mainland and the Isle of Wight. The business provides c.20,000 crossings per annum, operating 364 days a year. The Isle of Wight is a popular holiday destination as well as having a fast growing population.
Red Funnel has a strong market position, providing stable operating cash flows.
Under Infracapital’s ownership the business made significant operational improvements and substantially grew market share while delivering best in class customer service.
Realised: July 2017
Zephyr
Zephyr Investments Ltd is one of the largest onshore wind farm portfolios in the UK, at the time of realisation, owning 17 operational wind farms with a combined capacity of 391.2MW. The portfolio includes the 60 MW North Hoyle offshore wind farm, the UK’s first major offshore wind farm built in 2003 off the North Wales coast.
The business generates revenue through the sale of electricity under long term power purchase agreements (PPAs).
Realised: March 2017
Calvin Capital
Calvin Capital is the owner and supplier of gas and electricity meters to electricity utilities across England.
The business offers contracted, low risk cash flows with the potential for growth through enlarging the meter portfolio with new contracts and extensions.
Recognising early the smart meter opportunity, Infracapital was able to drive significant business expansion during ownership.
Realised: January 2017
Kelda
Kelda Group owns Yorkshire Water, at the point of realisation was the 5th largest UK water and sewerage company ("WaSC") with assets of over £4.5 billion. Kelda provided clean water and wastewater services to 4.7 million customers within the licensed area of Yorkshire and Humberside and to clients throughout the rest of the UK as part of its unregulated business.
The business provides stable inflation-linked yield underpinned by a regulatory pricing regime.
Infracapital focused on improving regulatory performance and customer service and during ownership significantly increased Regulated Capital Value.
Realised: May 2017
Infracapital Solar
Infracapital Solar is a fully operational portfolio of six photovoltaic plants, with, at the time of realisation, a total operating capacity of 36.5 MW, located in Spain. The parks are located across four sites, Fontellas, Lasesa, Valtierra and Tordesillas. All parks were built under the Royal Decree 1578/2008.
The business offers a sizable standalone investment in a fragmented market and provides stable revenues with low operational risk.
Realised: December 2016
Alticom
Alticom is the owner of national broadcast and telecommunication infrastructure in the Netherlands. Alticom has unique portfolio of 33 towers and masts providing a platform for national broadcast coverage of radio and digital television and forms an essential component of wireless networks for the Dutch telecommunication operators.
The business benefits from stable and predictable cash flows, underpinned by long term, index-linked contract revenues.
Realised: September 2017
Calvin Capital
Calvin Capital is the owner and supplier of gas and electricity meters to electricity utilities across England.
The business offers contracted, low risk cash flows with the potential for growth through enlarging the meter portfolio with new contracts and extensions.
Recognising early the smart meter opportunity, Infracapital was able to drive significant business expansion during ownership.
Realised: January 2017
Affinity Water
Affinity Water is a UK regulated water business, providing water services, at the point of realisation, to a population of over 3.5 million people in three distinct regions of northwest London and southeast England. The businesses own above- and below-ground assets and manage the supply of water to their customers on an integrated basis.
The business provides strong inflation-linked yield underpinned by a regulatory pricing regime.
Infracapital carved the business out from a large utility company and established Affinity Water as a standalone company that achieved Ofwat “enhanced status” under our ownership.
Realised: May 2017
Adven
Adven provides environmentally friendly and business critical tailored corporate energy solutions and district heating in Finland, Sweden and Estonia, helping to reduce fossil fuel consumption in a market where heat consumption is among the highest in Europe. The platform delivers sustainable industrial energy solutions, district heating and geothermal capabilities.
The business offers a stable growth platform underpinned by existing long-term contractual revenues with a strong inflation linked component.
Realised: September 2020
GGE
GGE a.s. (“GGE”) produces and distributes heat and electricity to residential and non-residential customers in Slovakia, Poland, Czech Republic and Serbia.
The business benefits from long-term, stable revenues backed by regulatory framework guaranteeing a regulated margin.
Falbygdens Energi AB (FEAB)
FEAB operates primarily within the Swedish municipality of Falköping. The business operations comprise mainly of the production and distribution of district heating and the distribution of electricity in the area. The electricity distribution network comprises 522 kilometres of overhead lines and 1,690 kilometres of underground cables. FEAB also operates a broadband business in the municipality.
The business offers predictable low risk, long term cash flows with a strong inflation linked component.
Realised: December 2020’
Eteck
Eteck provides a sustainable energy solution supporting the EU agenda to reduce fossil fuel consumption. Eteck is one of the largest owners and operators of collective heating systems (“SCHS”) in the Netherlands that supply central heating, cooling and tap water to residential and commercial customers. The company is an established scalable platform with a proven track record of growth capturing the market opportunity. Eteck is optimally positioned to benefit from current energy market trends in Europe, focused on the need for environmentally friendly generation from sustainable sources.
The business offers long-term, predictable cash flows with a strong inflation linked component.
Gruppo Investimenti Portuali SpA
Gruppo Investimenti Portuali SpA (“GIP”) is one of the leading independent container terminal operators holding strategic concessions at four key origin/destination terminals, in Northern Italy. GIP leases facilities from the local port authority, provides equipment, hires and trains labour, secures customers and manages the day to day cargo handling operations. In addition to long established onward transport links, easy access to the Suez Canal makes GIP the preferred hub for European trade with the Far East.
The business has a strong market position and a stable earnings base underpinned by contracts with longstanding customers.
Gigaclear
Gigaclear is a broadband developer, developing reliable, high-speed Fibre-To-The-Premises (“FTTP”) fibre optic broadband networks in the rural communities in the UK ensuring connectivity across underserved communities. The business offers speeds up to 1Gbps and is targeting a market of 1.5 million rural households currently underprovided for by the existing large broadband providers.
C2i Portfolio
MILAN
The servicing and maintenance of the fully operational 560 bed Vimercate Hospital in the northern suburbs of Milan with 6MWe energy facility.
FLORENCE
The expansion, servicing and maintenance of the 413 bed Empoli Hospital west of Florence, plus the construction of an accompanying trigeneration energy plant (2MWe).
CAREGGI CCHP PLANT
The servicing and maintenance of a 10.6 MWe CHHP (Combined Cooling, Heat and Power) trigeneration energy centre, and its associated distribution network, serving Careggi University Hospital in northern Florence.
Nexera
Nexera is a broadband developer engaging in the construction and operation of fibre broadband networks in underserved areas across Poland, tendered by the Polish government. A meaningful portion of the projects are to be subsidised by the EU, as part of the EU’s digital agenda to achieve universal 30mbps+ broadband connectivity by 2020.
Infram Energy
Infram Energy is a renewable energy aggregation platform established by Infracapital and Amarenco Solar to invest in the late stage development and construction of renewable energy generation projects and assets across the UK, Ireland and France. The initial portfolio consists of three rooftop and ground mounted solar projects in France backed by a 20 year Feed In Tariff, with a total generating capacity of 75MW. The platform has a strong pipeline of further projects and expects to develop c.50MW of projects per annum.
The platform offers stable, inflation linked revenues backed by Government support for renewables.
Realised: March 2023
Evero
Evero (formerly Bioenergy Infrastructure Group) is a UK biomass and Energy from Waste (EfW) aggregation platform. Since being established the platform has grown to one of the largest Energy from Waste operators in the UK with a portfolio of seven sites both under construction and operational, providing a solution to the excessive landfill waste issues in the UK.
Evero benefits from long-term, stable, inflation-linked revenues, backed by UK Government support for renewables.
WightFibre
WightFibre is an established local telecom company on the Isle of Wight rolling out Fibre-to-the-Premises (“FTTP”) across the island targeting 51.5k homes and 1.9k businesses over three years.
The business benefits from a well-protected regional market with an established customer base.
Corelink Rail Infrastructure (CORELINK)
Corelink is a rolling stock lessor platform providing financing for the procurement of new trains by the UK’s West Midlands franchisee. The West Midlands Franchise provides commuter, inter-urban and regional services to passengers in the West of England and London.
The business benefits from high barriers to entry and long term predictable cashflows with rolling stock historically staying in service on the same franchise for the full useful life.
Cogenio
A diversified portfolio of energy projects (Combined Heat and Power, Solar, Heat Recovery..) at operational and construction stage in Italy and Iberia. Both geographies are forecasting significant growth in the Industrial Energy Solutions market which Cogenio is well positioned to deliver. The aim is to capitalise on growth in non-traditional energy assets such as alternative energy efficiency technologies and PV solar. The business supports industrial clients in their decarbonisation journey offering highly customised solutions.
Novos
Construction and delivery of two wind projects in Finland which have a combined capacity of 60MW, partnering with OX2 to provide renewable energy.
Last Mile
Last Mile is a leading multi utility business in the UK which designs, owns and operates ‘last mile’ electricity, gas and water connections servicing residential and commercial customers. Last Mile is the third largest Independent Network Operator in the UK and provides a well-established platform for growth to capture the market opportunity.
The investment is expected to deliver stable inflation-linked cashflows over the long term, benefiting from a well-established regime and long-life assets.
GB Railfreight (GBRf)
GBRf is the UK's third-largest rail freight operator, providing essential haulage and ancillary rail services to a variety of critical end-user segments.
The business benefits from structural barriers to entry and long-term contracted cashflows in addition to increasing environmental awareness, political support and growing intermodal trade supporting the shift from road to rail.
Infrafibre Germany
Infrafibre Germany is one of the largest fibre infrastructure providers in Germany, possessing 46 networks, compromising 3,300km of fibre. The company operates substantial Fibre-to-the-Cabinet ("FTTC") and Fibre-to-the-Premises ("FTTP") networks, spanning more than 100 underserved rural communities.
Neos Networks
Neos Networks brings together the unparalleled expertise of dedicated professionals who combine the technical excellence and innovative approaches required to provide businesses, government organisations and their partners with a superior network that is the cornerstone of the UK’s digital future. All this is done with a spirit of collaboration, partnership and integrity because we know we can achieve more, together.
Services are delivered through a UK-wide 24,480km network, offering a wide range of products and integrated solutions including leading edge WAN, Ethernet, Optical and Dark Fibre services. With decades of industry knowledge and experience, Neos Networks can be trusted to deliver efficiencies as well as a competitive edge.
Recharge Infra
Recharge Infra is a market leader for public Electric Vehicle (EV) charging in the Nordics, the most advanced EV market across Europe. The business is at the forefront of the energy transition agenda and is leading the way in clean energy transportation supporting the carbon neutral agenda.
The business benefits from favourable market dynamics with significant uptake in the Nordic EV market as a result of strong policy support.
Inland Terminal Group (ITG)
ITG is the largest inland terminal operator in the Benelux. The business provides end-to-end inland container transport services to customers using Europe’s largest deep sea ports of Rotterdam, Antwerp, and Zeebrugge. ITG's terminals are located in strategically important positions within close proximity of the Group’s clients.
Gigaclear
Gigaclear is a broadband developer, developing reliable, high-speed Fibre-To-The-Premises (“FTTP”) fibre optic broadband networks in the rural communities in the UK ensuring connectivity across underserved communities. The business offers speeds up to 1Gbps and is targeting a market of 1.5 million rural households currently underprovided for by the existing large broadband providers.
WightFibre
WightFibre is an established local telecom company on the Isle of Wight rolling out Fibre-to-the-Premises (“FTTP”) across the island targeting 51.5k homes and 1.9k businesses over three years.
The business benefits from a well-protected regional market with an established customer base.
Neos Networks
Neos Networks brings together the unparalleled expertise of dedicated professionals who combine the technical excellence and innovative approaches required to provide businesses, government organisations and their partners with a superior network that is the cornerstone of the UK’s digital future. All this is done with a spirit of collaboration, partnership and integrity because we know we can achieve more, together.
Services are delivered through a UK-wide 24,480km network, offering a wide range of products and integrated solutions including leading edge WAN, Ethernet, Optical and Dark Fibre services. With decades of industry knowledge and experience, Neos Networks can be trusted to deliver efficiencies as well as a competitive edge.
Ogi
Ogi focuses on providing high-quality broadband connectivity to homes and businesses currently suffering with low average broadband speeds in South Wales.
Fibrus
Fibrus is a fibre broadband network provider in Northern Ireland, with plants to roll-out Fibre-to-the-Premises ("FTTP") across rural Northern Ireland. The company is targeting underserved regions to ensure access to connectivity for residential and non-residential customers with poor or no connectivity.
Ogi
Ogi focuses on providing high-quality broadband connectivity to homes and businesses currently suffering with low average broadband speeds in South Wales.
Zenobe
Zenobe Energy is one of the UK's leading operators in intelligent energy storage and EV fleet solutions, accelerating the UK's transition to a green energy system. Zenobe offers an end-to-end, one-stop service to develop, finance, install and operate EV charging infrastructure at bus depots, as well as the provision of EV bus batteries and chassis. Zenobe has over 170MW of contracted grid-scale batteries, which provide a range of services including balancing, power and reactive power services in the UK to National Grid and DNOs.
The business benefits from a substantial and growing UK and international market opportunity
Speed Connect Austria
Speed Connect Austria is a platform focused on designing, building and operating broadband on a large scale in underserved regions in rural and semi-rural Austria. Austria has one of the lowest levels of full-fibre coverage in Europe and relatively low fixed broadband speeds compared to elsewhere in the region.
Energy Nest
EnergyNest is a market leader in Thermal Batteries solutions generating environmental and economic benefits within the power sector and energy-intensive industries. EnergyNest’s differentiated technology provides a low carbon, cost-effective technology that enables both the transfer of industrial waste heat into electricity and the use of renewable power in industrial heat processes.
Gridserve
Gridserve is a sustainable energy business decarbonising transport through electric vehicle infrastructure in the UK. The GRIDSERVE Electric Highway is a leading national public charging network covering 85% of the UK’s motorway service areas and some of the UK’s busiest retail destinations. Its charging network is supplied by net zero carbon energy through hybrid solar farms.
Risks associated with these funds:
Liquidity Risk (closed-ended): The Fund’s investments may be illiquid, as a result it may be difficult for the fund to realise, sell or dispose of an investment at an attractive price or at the appropriate time or in response to changing market conditions.
Concentration Risk: Due to a limited number of investments, the Fund may be affected adversely by the unfavourable performance of a single issuer.
Interest Rate Risk: Changes in interest rates may adversely affect the market value of some of the Fund’s investments.
Currency Risk: The Fund may be exposed to currency rate movements. Private Equity Risk: As equity is subordinate to all other claims into an underlying investment, the Fund may be exposed to the possibility of a low or zero recovery on some of its investments.
Please note this is not an exhaustive list, you should ensure you understand the risk profile of the products or services you plan to purchase.
Please note that all the above mentioned funds are closed to new commitments.