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.
Kinland owns a portfolio of 227 preschools and 18 care properties across Norway, Finland, Sweden, Poland and The Netherlands. Kinland is a pure asset owner, with long-term, inflation linked, triple-net leases with leading preschool operators. Contractual terms are typically for 15 to 20-years and often include additional 15-year extension options.
Mortons Lane is a 19.5MW operating wind farm located in Western Victoria that commenced operations in December 2012. Mortons Lane is located in a high wind-resource area and generates clean energy to power more than 12,700 homes and reduce up to 68,000 tonnes of CO2 annually. With a capacity factor in excess of 35% since commissioning, Mortons Lane ranks among the top 15 wind farms across Australia in terms of wind performance.
ITE College West was the first social infrastructure PPP in Singapore, and the first education project in Asia developed with an availability-based payment mechanism.
With over 7,700 full-time students, ITE College West is an established post-secondary institution with on-campus facilities to enable the Institute of Technical Education to deliver students of the college practical work experience with industry partners within a business town concept.
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