The top 5 themes that keep re-appearing in our discussions with investors
- Inflation protection
Mining is the first piece of the entire industrial production chain and any cost increases are passed on, making mining the perfect inflation hedge
- Shift away from oil & gas
Extractive industry expertise amongst LPs while still wanting real asset and commodity exposure (Appian is absorbing capital from LPs not re-upping with Oil & Gas funds)
- Energy transition exposure
Thinking through the smartest tactical allocation. Same exposure with mining although mid 20% IRR vs single digits with renewables
- ESG
LPs are doing work on this thematic but more education is resulting in the view that mining is part of the solution rather than part of the problem
- Widening geopolitical tensions
Competition for critical minerals is becoming the next battleground with governments striving for greater self-sufficiency and diversification of the supply of battery and other critical metals
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation/ logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management.
Igneo manages US$19.2bn worth of assets (as at 30 June 2024) on behalf of more than 200 investors around the world.
For US enquiries:
Newton Park
[email protected]
