Infrastructure is essential to the smooth functioning of any modern society. Access to clean drinking water, efficient and effective sanitation and waste management, distribution and supply of energy, modern telecommunications, transportation, travel and trade, all depend on the provision and operation of high-quality infrastructure.

We define infrastructure as fixed assets that facilitate the provision of essential services, or transportation of essential commodities, to communities and economies. The nature of these assets and the features of the markets in which they typically operate means that infrastructure assets offer many or all of the following characteristics:

Sustainable returns

The assets deliver stable and predictable returns that are resilient across the economic cycle

Low volatility

Assets are often monopolies or highly contracted offering low volatility of revenues

Diversification

Low correlation with other asset classes. Correlation coefficient with global bonds and equities -0.1*.

Defensive

Often providers of essential services, infrastructure businesses have defensive characteristics.

Inflation protection

Revenues for regulated and contracted assets often inflation-linked or correlated to economic growth

Liability matching

Long duration of infrastructure assets match long term liabilities of many pension funds

Yield

As often regulated or contracted assets, cash flow is highly predictable generating strong cash yields.

Unique assets

Assets often of strategic national interest e.g. energy, transport.

Source: * 'Guide to Alternatives'. Correlation coefficient with global bonds & equities 2008-2020, JP Morgan, August 2020

Strategies we offer

Igneo Infrastructure Partners, part of First Sentier Investors Group, is one of the longest established investors in infrastructure assets. We have been investing in this asset class for more than 30 years. We are one of the leading infrastructure asset managers worldwide with unrivalled experience managing global infrastructure assets for a breadth of investors.

infrastructure assets managed*

*as at 30 September 2023 (US$) excluding undrawn commitments, First Sentier Investors

continual investment in this asset class

Our pedigree is built on

Experience

As active infrastructure investors for almost 30 years, we have managed assets across geographic regions, industrial sectors and throughout economic cycles

Value enhancement

Usually we are either 100% owners, or lead shareholders, in the businesses we invest in. This gives us the governance required to allow us to engage proactively with our portfolio companies to create sustainable long term value.

ESG commitment

We have a genuinely long-term perspective and have held some of our assets for more than 25 years. This buy and hold philosophy uniquely allows us to create sustainable value. We do this through the application of our ESG-led proactive asset management approach over the long term

Team

With a long standing senior team and over 65 investment professionals worldwide, we have one of the largest pools of investment expertise with which to source, evaluate, invest and monitor investments