John Laing Infrastructure Fund
Equitix investment: £500 million
Acquisition date: October 2018
This project comprises the acquisition of the John Laing Infrastructure Fund – a UK listed infrastructure investment company with a portfolio of 65 largely operational PPP projects.
Equitix formed a consortium with Dalmore Capital for the transaction and agreed to break up the John Laing Infrastructure Fund’s portfolio. The Equitix portfolio contains 35 PPP projects spread across diverse sectors: transport, social housing, street lighting, healthcare and government accommodation. The portfolio provides predictable, government-backed, inflation-linked income streams.
Over 80% of the Equitix portfolio is UK-based and a majority of the projects have availability-based cash flows. Given the large number of assets in the portfolio, exposure to any single contractor, facilities management provider or management services provider is mitigated.