Investment Strategy and Asset Selection
Vantage Infrastructure targets primarily sustainable equity investments in the European mid-market that measurably contribute to a net-zero carbon economy.
Vantage Infrastructure typically seeks buy-and-build investment opportunities in companies across four sectors:
We aim to lead and influence business outcomes by controlling risks and enhancing value, in order to maximise returns through active asset management processes and strategies.
These include operational efficiencies, driving growth, mitigating actions for risks identified during due diligence and value-creating exit strategies.
Tailored ESG action plans are formulated for each asset within a consistent and resilient framework, that aims to reduce the portfolio’s overall sensitivity to macroeconomic risks and shock events and capture value opportunities from sustainability and energy transition.
Investment year: 2021
Asset description: Renewable heating specialist providing turnkey biomass and geothermal heating solutions to residential, commercial and public buildings and to municipal district heating networks.
Sustainability angle: Provides 16.5 GWh of renewable heat annually, contributing towards France’s objective to reduce carbon emissions from buildings, in line with the country’s decarbonisation targets.
Investment year: 2017
Asset description: Sole provider of land titling and registration services in New South Wales, the most populous state in Australia.
Sustainability angle: Delivery of 100% electronic lodgements, replacing prior paper-based filings.
GRESB score: (2022): 96/100
Investment year: 2013
Asset description: Largest gas distribution network operator in Northern Ireland providing gas to over 235,000 properties through more than 3,800 km of pipelines.
Sustainability angle: Reducing Greater Belfast’s carbon emissions through conversion of oil heating systems to less polluting gas. 770,000+ tonnes of CO2 saved annually, equivalent to over 350,000 cars off the roads.
GRESB score: (2022): 97/100
Investment year: 2005 & 2017
Asset description: The largest water-only company in the UK supplying 543 million litres of water a day to customers across the South East of England.
Sustainability angle: In 2020/21, South East Water delivered £93m of investment to improve its infrastructure quality and reliability for water customers.
GRESB score: (2022): 96/100
Investment year: 2015
Asset description: Portfolio of four operating wind farms in England and Wales representing 85MW in installed capacity generating c.224 GWh per annum.
Sustainability angle: Represents over 87,000 emissions-free homes powered.
GRESB score: GRESB score English wind farms (2022): 95/100 and Welsh wind farms (2022): 92/100
Country: Germany, Greece (and Australia until 2013)
Holding period: 2005–2014
Asset description: AviAlliance Capital owned minority stakes in three European airports (Athens, Hamburg, and Dusseldorf), and also a stake in Sydney Airport until 2013.
Holding Period: 2014-2021
Asset description: Porterbrook is one of the UK’s leading rolling stock companies with c. 4,500 vehicles, representing approximately one quarter of Britain's passenger rolling stock fleet.
Sustainability angle: Porterbrook has a large electric fleet and is actively investing in designing new zero-emission engines (battery and hydrogen).
GRESB score: (2021): 99/100
Holding Period: 2018-2021
Asset description: Integrated energy infrastructure company active in the development and operation of natural gas transmission and distribution networks, the distribution and sale of liquefied petroleum gas and the promotion of new gas-powered mobility infrastructure, renewable gas and hydrogen.
GRESB score: (2021): 91/100
Sustainability angle: Actively involved in Spanish energy transition through its gas networks and investments in hydrogen, solar photovoltaic and natural gas for vehicles.
All figures as of 31 December 2021 except:
1 Australian Registry Investments (30 June 2021)
2 South East Water (31 March 2021)