Global Infrastructure
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The Global Infrastructure strategy invests in a diversified portfolio of direct mid-market-sized infrastructure investments. The strategy has a "core-plus" orientation, investing in primarily core operating assets, but also with the opportunity to add value through repositioning and growing existing investments, and through greenfield development. The strategy is open-ended, aligning the long-term cash flow of infrastructure investments with the investment time horizons of clients.
Key Highlights
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Experience: Over 35 years of experience in building private asset portfolios for institutional clients
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Integrated team: Infrastructure clients benefit from the expertise across our entire multi-asset class firm and local management teams operating and constructing the underlying infrastructure investments
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Relationship-driven investing: All our investments have been sourced from bi-lateral negotiations or processes with limited competition
Investment Approach
Philosophy:
With over 35 years of experience managing private market investments, our competitive advantage is a firmly established Canadian and global private markets platform. Our philosophy is to protect, grow and build the income stream of our clients’ portfolios.
Investment Process
Top-down analysis:
We use fundamental and technical analysis to monitor the macroeconomic environment for changes in market and industry trends. We perform a top-down analysis by looking at global infrastructure market fundamentals and develop a long-term strategy for infrastructure assets.
Applying proprietary modeling tools, we develop diversification parameters (by industry, geographic location and risk strategy) to provide full diversification, which manages portfolio risk and optimizes return.
Bottom-up analysis:
Our team screens opportunities based on a number of factors including investment scalability and size, expected risk-return trade-off, sector, geography, execution certainty and diversification benefits. Potential investments that meet these criteria and offer accretive risk-adjusted returns are then further explored. Investments aligned with our income and income growth philosophy are pursued if they provide proper governance and can be added to the portfolios at an attractive price.
Model:
All investment decisions are placed into a proprietary portfolio modelling system to provide clarity on availability of capital and visibility to any potential compliance issues. The model allows us to dynamically focus on investment decisions that meet portfolio requirements both in the present and into the future.
Execution:
Our team has developed strong personal and professional relationships with an array of global advisory, banking, pension fund, investment fund and industry players in their previous experiences. Possessing transactional experience in North America, Europe, South America and Asia, we focus on securing a significant number of negotiated and proprietary transactions stemming from these existing relationships. Participation in competitive public auctions is only pursued if we feel the competitive and strategic makeup of our consortium ensures a high probability of success.
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