Concession Infrastructure

We are part of the Aberdeen Standard Investments brand which manages more than £67 billion of assets across private markets. This makes us part of one of the largest private markets investors in the world. In total, over £3 billion of infrastructure investments is managed on behalf of investors.*

*Source Aberdeen Standard Investments. As at 30 June 2018.

Philosophy

Our concession infrastructure business has a 20-year track record of investing and asset management through a suite of specialist infrastructure funds and investment vehicles underpinned by long-term government contracts and predominately in social and economic infrastructure projects.

Team

Established in 1998, our highly experienced team of 32 investment professionals have invested in over 120 infrastructure investments to date (May, 2019). The team is based in London, Edinburgh, Paris, Madrid, Amsterdam, Bahrain, Sydney and Bogota.

Investors

Our investor base spans both public and corporate pension funds, insurance companies and family offices across the world

Strategy

We focus on availability-based, partially inflation-linked cash flows with little or no correlation to economic cycles. Value resides in the contract, with limited risk associated with residual asset value.

We invest in hospitals, schools, roads, rolling stock, government accommodation, social housing, and waste and water in the UK, Europe, Australia, US, the Middle East and Latin America.

Portfolio

Social

Paris Justice Court is a PPP contract to design, build finance, maintain and operate a new Justice Court in Paris . The new Justice Court will house 90 courtrooms and is expected to be visited by 8,500 people daily.  

The Project Agreement is 32 years, including a 5 year construction period. The term of the operation period is fixed to 27 years.

Sector: Government

Geography: Paris, France

Project Size: €605m

Water Treatment

Mundaring Water Treatment Plant is the design, build, finance and operations of a new treatment plant near Perth, Western Australia. The plant will serve the Goldfields Agriculture region and will supply over 100,000 inhabitants with fresh water supply.

The project has been successfully operating since 2013 and we have recently completed the first senior debt refinancing as planned for a further 5 year tenor.

Sector: Water Treatment

Geography: Perth, Australia

Project Size: A$ 400m

Roads

The North Carolina Department of Transportation, in cooperation with the Federal Highway Administration, proposed to improve 26 miles of I-77 from I-277 by introducing High Occupancy Toll lanes.

The proposed I-77 HOT project is a conversion and expansion of the current High Occupancy Vehicle facility that will provide growing communities and congested I-77 traffic with additional capacity

Sector: Transport

Geography: North Carolina

Project Size: US $663m

  • Social

    Paris Justice Court is a PPP contract to design, build finance, maintain and operate a new Justice Court in Paris . The new Justice Court will house 90 courtrooms and is expected to be visited by 8,500 people daily.  

    The Project Agreement is 32 years, including a 5 year construction period. The term of the operation period is fixed to 27 years.

    Sector: Government

    Geography: Paris, France

    Project Size: €605m

  • Water Treatment

    Mundaring Water Treatment Plant is the design, build, finance and operations of a new treatment plant near Perth, Western Australia. The plant will serve the Goldfields Agriculture region and will supply over 100,000 inhabitants with fresh water supply.

    The project has been successfully operating since 2013 and we have recently completed the first senior debt refinancing as planned for a further 5 year tenor.

    Sector: Water Treatment

    Geography: Perth, Australia

    Project Size: A$ 400m

  • Roads

    The North Carolina Department of Transportation, in cooperation with the Federal Highway Administration, proposed to improve 26 miles of I-77 from I-277 by introducing High Occupancy Toll lanes.

    The proposed I-77 HOT project is a conversion and expansion of the current High Occupancy Vehicle facility that will provide growing communities and congested I-77 traffic with additional capacity

    Sector: Transport

    Geography: North Carolina

    Project Size: US $663m

Gershon Cohen

Gershon Cohen

Global Head of Infrastructure Funds

Gershon Cohen is Global Head of Infrastructure Funds, Aberdeen Standard Investments. Gershon’s platform has USD$3bn of institutional capital under management and consists of 7 unlisted funds and associated investment vehicles invested in over 120 greenfield and brownfield infrastructure projects. He is responsible for the management, leadership and development of the concessions infrastructure strategy for Aberdeen Standard Investments and is a fund principal and chair of investment and associated committees of the platform. The platform operates from offices in London, Edinburgh, Paris, Madrid, Amsterdam, Sydney, Bogota and Bahrain with a team of 32 professional investors and other joint venture partners.

Previously Gershon held the position of CEO SWIP Infrastructure Funds & CEO Lloyds Bank Project Finance Equity and Funds, which involved the origination, investment and management of all infrastructure equity products across the UK, Europe, Australia and Americas. Prior to this, Gershon was Global Head of Lloyds Bank Project Finance. Gershon has played a pivotal role in structuring, arranging and providing innovative funding solutions to a range of ground-breaking PFI/PPP/P3 projects in healthcare, transport, wastewater and education over the last 20 years. Gershon led the fundraising efforts for the current platform. He sits and advises on many trade and governmental committees on infrastructure investment matters; has presented at numerous conferences and seminars; and has written a number of articles on PPP/P3.

  • Gershon Cohen

    Global Head of Infrastructure Funds

    Gershon Cohen is Global Head of Infrastructure Funds, Aberdeen Standard Investments. Gershon’s platform has USD$3bn of institutional capital under management and consists of 7 unlisted funds and associated investment vehicles invested in over 120 greenfield and brownfield infrastructure projects. He is responsible for the management, leadership and development of the concessions infrastructure strategy for Aberdeen Standard Investments and is a fund principal and chair of investment and associated committees of the platform. The platform operates from offices in London, Edinburgh, Paris, Madrid, Amsterdam, Sydney, Bogota and Bahrain with a team of 32 professional investors and other joint venture partners.

    Previously Gershon held the position of CEO SWIP Infrastructure Funds & CEO Lloyds Bank Project Finance Equity and Funds, which involved the origination, investment and management of all infrastructure equity products across the UK, Europe, Australia and Americas. Prior to this, Gershon was Global Head of Lloyds Bank Project Finance. Gershon has played a pivotal role in structuring, arranging and providing innovative funding solutions to a range of ground-breaking PFI/PPP/P3 projects in healthcare, transport, wastewater and education over the last 20 years. Gershon led the fundraising efforts for the current platform. He sits and advises on many trade and governmental committees on infrastructure investment matters; has presented at numerous conferences and seminars; and has written a number of articles on PPP/P3.

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.