Since 1998 we have acquired over 61 unlisted infrastructure assets, making Whitehelm one of the world’s most experienced unlisted infrastructure investors
Whitehelm has been originating, acquiring and managing unlisted infrastructure assets for institutional investors for over 23 years. Over this period, we have invested more than A$8.5 billion in over 61 unlisted infrastructure assets, with A$10.1 billion returned to investors and A$3.2 billion in assets currently under management. We have achieved strong returns of over 12.1% p.a. across multiple market cycles and with an exceptional track record of capital preservation.
Whitehelm’s unlisted infrastructure investment approach is underpinned by a relentless focus on relative value. Our approach to investing remains focused on unlisted equity investments in the small and mid-market of the infrastructure sector. This focus is a result of the more limited competition in this sub-sector in contrast to the high competition and high valuations at the larger end of the infrastructure sector.
Our comprehensive ‘bottom-up analysis’ of the cash flows that are generated by assets allows us to broaden the opportunity set, facilitates effective comparison of opportunities, and enables selection of those assets and sectors offering the highest risk‑adjusted returns at any point in time.
Whitehelm’s rigorous Investment Philosophy also means that we:
Whitehelm’s active asset management allows us to both protect and enhance the value that is generated from each investment.
We work collaboratively with our investee companies across all facets of their business – from the strategic and operational direction to financing structures – to unlock additional returns for our clients and protect them from any downside.
Whitehelm’s unlisted infrastructure offering provides:
Rowville Transmission Facility (RTF) owns an electrical transmission facility located in the eastern suburbs of Melbourne. RTF converts electricity from 500kV to 220kV for distribution. The facility receives a monthly fee from the Australian Energy Market Operator, while the operation and maintenance of the asset is outsourced to Ausnet Services.
Sustainable Energy Infrastructure (SEI) owns and manages a diversified portfolio of generation and compressed natural gas refuelling assets across Australia. The portfolio of assets includes over 70MW of cogeneration, biomass generation, biogas generation, CSM generation, and landfill generation facilities, as well as landfill flare facilities and compressed natural gas refuelling assets. The portfolio is underpinned by a range of long-term contracts, with the operations managed by a dedicated and multi-disciplinary team.
Brisbane Airport is the third-busiest airport in Australia in terms of passenger traffic and has been a strong performer, with solid passenger growth since privatisation in 1997. Brisbane Airport has undertaken a number of successful property development, further contributing to its strong performance.
One of the world’s most experienced infrastructure managers & investment strategy advisers