Financial investments involve an element of risk. For further information, please see the risk warning section.
We define infrastructure as the physical structures, systems and networks that provide or support essential public services and which are subject to limited competition.
This includes opportunities such as roads, schools, hospitals, ports, regulated utilities, rolling stock, energy generation and waste storage among others. We have been providing finance for infrastructure since 1998 making balance sheet investments for Aviva plc. The range and scope of our infrastructure debt investing has expanded considerably since then and we now manage over £5bn1 of assets across a wide range of sectors in 10 countries. Our infrastructure debt investments are characterised by predictable cash flows that are supported by low operating risks, government regulation and long-term contracts.
We have been providing infrastructure finance since 1998, funding projects across ten European countries. In 2017, we were one of the largest providers of UK infrastructure financing.
Head of Infrastructure Debt
- In 2013, we were one of the first managers to offer investors access to infrastructure debt through a commingled vehicle, the Aviva Investors European Secondary Infrastructure Credit Securitised Vehicle.
- In 2017, we played a lead role in structuring the financing of the Walney Extension offshore wind farm, in which we invested £165m. Once operational, the project will be the world’s biggest wind farm.
1 Source: Aviva Investors as at 30 September 2017
Sample transaction: UK rolling stock
- Debt to procure, finance and lease a fleet of 58 trains
- Trains leased to Abellio, the regulated rail franchise operator for East Anglia
- We have been involved in four prior rolling stock transactions, developing in-depth sector knowledge
- Increasing passenger demand, essential nature of routes, lack of national rolling stock capacity and franchisee obligations provide credit comfort
|Investment size||>£275 million|
|Title||Senior secured loan|
(Aviva Investors internal rating)
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.
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.
The frameworks for managing essential infrastructure services can change.
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.
Learn more about Alternative Income Solutions
For further information contact your Client Relationship Director or Rachel Green, Client Solutions Manager
+44 (0)20 7809 6809*
*Calls to this number may be recorded for training and monitoring purposes.