Our approach

We aim to deliver high and stable returns to our clients through our infrastructure income strategies, by focusing on the construction and acquisition of low-carbon and social infrastructure assets. We also manage segregated mandates to customise outcomes for clients, and we are constantly evolving our approach to stay ahead of the game.

Risks and rewards are balanced by investing in sectors where we have specialised skills (such as constructing energy-from-waste assets or broadband networks) and through the ownership of lower-risk assets like wind, solar and energy efficient solutions.

In our infrastructure income strategies, we further de-risk the structure by not using leverage at either the fund or asset level. However, the team also manages some mandates with a leveraged-asset structure. Environmental, social and governance (ESG) factors – though non-binding – are integrated throughout the investment lifecycle.

Benefits

Attractive cash flows

Potential for high and predictable income over the long term delivered through our infrastructure income strategies.

Balancing risks and rewards

Risks and rewards are balanced by investing in sectors where we have specialist skill and lower-risk assets like wind, solar and energy efficiency.

De-risking

Our infrastructure income strategies do not use leverage at either the asset or fund level.

Customised outcomes

The team also manages a number of segregated mandates, including ones with a more mainstream leveraged-asset structure and assets outside the UK.

Key risks

Investment risk

The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

Illiquidity risk

Where funds are invested in infrastructure, investors may not be able to redeem any units in the fund when they want because infrastructure assets may not always be readily saleable. If this is the case we may defer a request to redeem units.

Valuation risk

Certain assets held in the fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.

Regulatory shifts

The frameworks for managing essential infrastructure services can change.

Infrastructure equity team

  • Darryl Murphy

    Managing Director, Infrastructure

  • Sean McLachlan

    Senior Director, Infrastructure

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