Whitehelm Advisers plays an integral role in the construction of alternative portfolios, developed according to each client’s specific requirements
Alternative assets are not homogeneous – there are substantial differences within the alternative asset sector on the relative risk/return proposition, degree of cash flow inflation linkage, sensitivity to underlying economic cycles, and correlation with traditional asset classes.
With our significant experience within the alternative asset sector, Whitehelm Advisers help construct bespoke alternative portfolios for institutional clients. We employ a proprietary approach in assessing potential acquisitions and divestments (via the development of appropriate long-term risk-adjusted hurdle rates), and manage asset specific and market-wide risk exposures through a Risk Index overlay and factor-risk analysis.
Our asset specific risk assessment includes development of detailed scenario analyses and consideration of maximum loss scenarios for potential investments and existing assets. Infrastructure sector expertise is key to modelling appropriate scenarios and shocks, providing meaningful analysis for the investment process.
While asset specific exposures can be significant, market-wide risks can also aggregate across asset sectors, geography and vintage, and become more correlated at times during heightened financial stress. Accordingly our factor-risk assessment provides an additional overlay above the traditional elements typically used for portfolio construction and risk minimisation.
International Parking Group (IPG) is the owner and operator of hospital car parks across New South Wales and Queensland. IPG’s car park investments are generally delivered under a build, own, operate and transfer scheme, typically for concession periods ranging between 20 to 30 years.
SAREN Energy is a Nordic renewable and sustainable energy platform formed from the merger of two brownfield energy-from-waste heat generation plants in the south of Norway. The combined platform will deliver more than 300 GWh of steam and heat to a district heating network and local industries in the Nordics, as well as providing power directly to the grid. The platform processes c. 140,000 tonnes of waste, reducing landfill land and contributing to the circular economy of the region.
APA Group owns and operates gas transmission, distribution and storage assets across mainland Australia, and has interests in a range of other energy infrastructure investments. The company is listed on the Australian Securities Exchange (ASX: APA). The APA Medium Term Notes pay a fixed coupon of 3.5% p.a. and mature in 2020.
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