Economic Infrastructure

Our investment capabilities

Nordic Power AS

Nordic Power AS

In June 2015, we acquired 100% of Nordic Power AS, a portfolio of 13 newly commissioned hydropower plants from Nordkraft, a Norwegian utility controlled by the Narvik Municipality. Since acquisition, we have added an additional two plants to the portfolio, taking the total projected annual output to 160 GWh.

Key attractions:

  • Attractive return and yield profile
  • Core, power generation asset
  • Proven technology, low operating risk and long asset lives
  • Exclusive option over pipeline of new plants
Sector Subsector Geography Ownership
Energy Hydro Norway 100%
Equities

Rock Rail East Anglia PLC

In September 2016, we signed an agreement to acquire 48% of RREA, its second transformational funding solution in the UK rolling stock sector. The transaction comprises 20x12 carriage electric Stadler trains, 24x4 and 14x3 carriage bi-mode Stadler trains serving the InterCity, Stansted Express and Regional lines of the East Anglia Franchise, operated by Abellio.

Key attractions:

  • Core UK rolling stock asset
  • Long term operating profile with no volume risk
  • Blue chip transaction counterparties
  • No refinancing risk
  • Immediate yield to SLCI I
Sector Subsector Geography Ownership
Transport Rolling Stock UK 51% controlling position
Auris Kaasunjakelu Oy

Auris Kaasunjakelu Oy

In June 2015, we acquired 100% of Auris Kaasunjakelu, the largest natural gas distribution pipeline in Finland, from Gasum Oy, a Finnish state controlled company. The pipeline provides local gas distribution to Helsinki and 11 surrounding areas.

Key attractions:

  • Strong cash generation and yield
  • Core infrastructure asset with regulated return
  • Safe and stable operating and regulatory environment
  • Safe, stable operating environment
  • Recently upgraded asset base and low capex requirement
  • Growth opportunities through acquisition
Sector Subsector Geography Ownership
Utilities Gas distribution Finland 100%
  • Nordic Power AS

    Nordic Power AS

    In June 2015, we acquired 100% of Nordic Power AS, a portfolio of 13 newly commissioned hydropower plants from Nordkraft, a Norwegian utility controlled by the Narvik Municipality. Since acquisition, we have added an additional two plants to the portfolio, taking the total projected annual output to 160 GWh.

    Key attractions:

    • Attractive return and yield profile
    • Core, power generation asset
    • Proven technology, low operating risk and long asset lives
    • Exclusive option over pipeline of new plants
    Sector Subsector Geography Ownership
    Energy Hydro Norway 100%
  • Equities

    Rock Rail East Anglia PLC

    In September 2016, we signed an agreement to acquire 48% of RREA, its second transformational funding solution in the UK rolling stock sector. The transaction comprises 20x12 carriage electric Stadler trains, 24x4 and 14x3 carriage bi-mode Stadler trains serving the InterCity, Stansted Express and Regional lines of the East Anglia Franchise, operated by Abellio.

    Key attractions:

    • Core UK rolling stock asset
    • Long term operating profile with no volume risk
    • Blue chip transaction counterparties
    • No refinancing risk
    • Immediate yield to SLCI I
    Sector Subsector Geography Ownership
    Transport Rolling Stock UK 51% controlling position
  • Auris Kaasunjakelu Oy

    Auris Kaasunjakelu Oy

    In June 2015, we acquired 100% of Auris Kaasunjakelu, the largest natural gas distribution pipeline in Finland, from Gasum Oy, a Finnish state controlled company. The pipeline provides local gas distribution to Helsinki and 11 surrounding areas.

    Key attractions:

    • Strong cash generation and yield
    • Core infrastructure asset with regulated return
    • Safe and stable operating and regulatory environment
    • Safe, stable operating environment
    • Recently upgraded asset base and low capex requirement
    • Growth opportunities through acquisition
    Sector Subsector Geography Ownership
    Utilities Gas distribution Finland 100%
Warning
Risk warning – The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the risk factors in the prospectus for general and specific investment risks attached to the individual funds.