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Sector  ·  Infrastructure

Infrastructure investment: raising private capital for infrastructure projects

Infrastructure investors provide long term capital for assets with essential, contracted or regulated revenues. We help sponsors and developers raising £10m and above present infrastructure opportunities in the terms those investors use.

How investors see it

Infrastructure: where capital comes from, and what it needs.

Infrastructure capital is defined by the cash flows it buys: long duration, predictable and resilient to the economic cycle. Core funds buy operating assets with contracted or regulated revenues. Core plus and value add funds take construction, expansion or contract risk in exchange for higher returns. Pension, insurance and sovereign investors invest directly or alongside funds for long term yield.

The question for a sponsor is how much of that profile the project genuinely has today, and what must be evidenced before investors will treat it as infrastructure rather than as development risk.

Who we work with

  • Sponsors of energy, transport, utilities and social infrastructure projects
  • Developers of energy transition infrastructure such as heat networks, EV charging and grid assets
  • Owners of operational infrastructure seeking refinancing or partners
  • Infrastructure services platforms seeking growth capital

Investor criteria

What investors check before they invest

The Investor Readiness Review tests each of these against your materials before an investor does.

What investors checkWhat they expect to see
Revenue basisContracted, regulated, availability based or demand based, with counterparty quality and duration.
Construction riskHow construction risk is allocated, contracted and priced.
Regulation and concessionThe regulatory regime or concession terms and their stability.
Asset life and capexAsset life, maintenance and lifecycle capex assumptions.
ModelLong horizon model with inflation linkage, refinancing assumptions and debt sizing.
GovernanceSponsor commitment, project company governance and reporting.

Capital providers

Who invests

Core infrastructure funds

Operating, contracted or regulated assets

Core plus and value add funds

Construction, expansion and contract risk

Pension, insurance and sovereign investors

Long term direct and co investment

Banks and institutional lenders

Project and holdco debt

Strategic and corporate investors

Assets aligned with their operations

Common issues

Where raises stall

01

Development risk presented as infrastructure

Projects without contracts or consents put to core investors.

02

Counterparty weakness

Revenue contracted with parties investors cannot underwrite.

03

Short contracts on long assets

Contract terms that leave most of the asset life uncontracted.

04

Model horizon too short

Models that do not run to the end of the asset life.

FAQ

Infrastructure: questions

How do I find investors for an infrastructure project?
Identify the investor category that matches the project's risk: core funds for operating contracted assets, value add funds for construction and expansion risk, development investors for earlier stages. Then approach investors in that category whose geography and ticket size fit.
What makes a project infrastructure in an investor's eyes?
Essential service, long duration and predictable cash flows, high barriers to entry and contracted or regulated revenue. The more of these a project can evidence, the wider and cheaper its capital.
Does BriHel invest in infrastructure?
No. BriHel does not invest. We assess readiness and introduce opportunities to infrastructure investors whose mandate fits.

Find out what an investor will see before approaching the market.

The Investor Readiness Review is a fixed fee assessment of your opportunity, written from the investor side of the table. You receive a scored report, the issues most likely to stop an investor, and the order in which to address them.