Investing In Concession Infrastructure Assets

Risk warning

The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.

Our approach

Sustainability knowledge

We are aligned to megatrends of decarbonisation, digitisation and urbanisation. We have been a PRI member since 2007 and an IIGCC member since 2018.

Deal sourcing in core and super core infrastructure

Targeting direct investments in PPPs and long-term concession style infrastructure assets, with the objective of producing long-term sustainable returns.

Investment track record

140 investments, over 25 years, helping to deliver:

25 hospitals totalling over 10,500 beds
5,500km of roads in operation
100km of subsea electric cables
3 fibre to home networks
10 million business units

Long-standing management team

One of the industry’s longest, with a strong track record of execution. We have a unique global position, with over 25 years of growth and evolution. We manage:

>$4bn (US dollars) AUM in infrastructure capital as at 30 June 2024
more than 110 assets across UK, EMEA, APAC and the Americas

Concession infrastructure portfolio

Transport

Social

Paris Justice Court is a PPP contract to design, build finance, maintain and operate a new Justice Court in Paris . The new Justice Court will house 90 courtrooms and is expected to be visited by 8,500 people daily. The Project Agreement is 32 years, including a 5 year construction period. The term of the operation period is fixed to 27 years. Sector: Government Geography: Paris, France Project Size: €605m

Water Treatment

Mundaring Water Treatment Plant is the design, build, finance and operations of a new treatment plant near Perth, Western Australia. The plant will serve the Goldfields Agriculture region and will supply over 100,000 inhabitants with fresh water supply. The project has been successfully operating since 2013 and we have recently completed the first senior debt refinancing as planned for a further 5 year tenor. Sector: Water Treatment Geography: Perth, Australia Project Size: A$ 400m

Key Documents

Infrastructure ESG Policy

Infrastructure whistleblower and grievance policy

Gershon Cohen

Global Head of Infrastructure Funds

Gershon Cohen is Global Head of Infrastructure Funds, Aberdeen. Gershon’s platform has USD$3bn of institutional capital under management and consists of 7 unlisted funds and associated investment vehicles invested in over 120 greenfield and brownfield infrastructure projects. He is responsible for the management, leadership and development of the concessions infrastructure strategy for Aberdeen and is a fund principal and chair of investment and associated committees of the platform. The platform operates from offices in London, Edinburgh, Paris, Madrid, Amsterdam, Sydney, Bogota and Bahrain with a team of 32 professional investors and other joint venture partners.

Previously Gershon held the position of CEO SWIP Infrastructure Funds & CEO Lloyds Bank Project Finance Equity and Funds, which involved the origination, investment and management of all infrastructure equity products across the UK, Europe, Australia and Americas. Prior to this, Gershon was Global Head of Lloyds Bank Project Finance. Gershon has played a pivotal role in structuring, arranging and providing innovative funding solutions to a range of ground-breaking PFI/PPP/P3 projects in healthcare, transport, wastewater and education over the last 20 years. Gershon led the fundraising efforts for the current platform. He sits and advises on many trade and governmental committees on infrastructure investment matters; has presented at numerous conferences and seminars; and has written a number of articles on PPP/P3.

Meet the wider team

Concession Infrastructure

Private credit

Loading component...

Infrastructure