Unlisted Infrastructure

This is no ordinary team

Funds management experience alone is not enough. Our team consists of qualified engineers, pilots and lawyers who have firsthand experience of how the asset they support works.

Serving communities with a down-to-earth approach

Meet Danny Latham

Growing up on a farm and labouring on his father’s building sites, Danny Latham understands the value of sustainable development for the future. These values have been applied to investing in unlisted infrastructure assets.

Assets that are built to last

There is a growing need for private sector infrastructure funding for services like clean water, communications systems, energy, roads and airports. Because these assets serve communities, it’s critical they are built and managed for the long term.

We seek to manage an interest in infrastructure assets large enough to engage with management on sustainability, strategy, expenditure, structure and all other key drivers of value.

Since inception our portfolio has exceed its benchmark of 9.5% per annum after fees and taxes as of 30 June 2019 in Australian Dollars.

Infrastructure ChartInfrastructure Chart
Source: First Sentier Investors
We hold a diversified mix of assets in our portfolio. The skillset of our team is just as diverse.
Danny Latham
Partner, Unlisted Infrastructure

We search high and low for assets ripe for innovation

From pioneering the world’s first battery operated ferries in Scandinavia to driving sustainability in Australian airports and managing essential drinking and wastewater services in the UK, we have spent the past two decades building a portfolio of assets that benefit the communities they support over the long term.

Australian airports – Adelaide and Brisbane airport – are the largest sector holdings in our portfolio

Source: First Sentier Investors as at 30 June 2019.

A long-term
vision in flight

We are the largest shareholder in Brisbane Airport and hold a number of board positions with the company.

The gateway to the Sunshine State is one of Australia’s most sustainable airport operations, returning 11.5% capital growth and 2.0% yield per annum since our investment in 1997*. 
*as at 30 June 2019.

The airport has excelled in innovation and sustainability, from water and energy initiatives to intelligent building systems and electric buses. It has recently partnered with Virgin Australia to test the potential for a more sustainable biofuel system. 

Brisbane Airport’s new runway will put Brisbane on par with the runway capacity of Singapore Changi and London Heathrow airports – and the new addition to the airport is being built to withstand projected climate change over the next 100 years.

Its operations are 18% powered by solar, with a view to expand its 6 megawatt capacity to 10 megawatts in the near term. Not only does it de-risk and diversify the airport’s energy supply, solar power is tipped to save 1 million dollars on annual energy costs.

It is the only Australian airport to make the prestigious Skytrax World Airport Top 20. 

The airport received the very first ‘GreenStar – Communities’ rating for its entire 2,700 hectare site.

Images copyright Brisbane Airport

A new lease on life for Australia’s scarcest resource

A new lease on life for Australia’s scarcest resource

Water is our most precious resource.

We’ve all felt the impact of droughts – and Australia has experienced more extreme drought conditions over the past century (CSIRO).

Demand for water is only rising. Our farmers, miners and communities need reliable and sustainable water infrastructure.

We invested in Water Utilities Australia to establish a platform to invest in water infrastructure ranging from sewerage, irrigation and recycling to innovations in hydro, storage and solar pumping.

The McLaren Vale wine region is a firm favourite among sommeliers and South Australian locals. Over 200 vineyards and farms are now benefiting from recycled water from our portfolio company, the Willunga Basin Water Company. Currently supporting 45% of growers in the region, we are expanding our network to farms in the surrounding areas.

Closer to Adelaide’s CBD, all 3,000 homes within the Lightsview housing development will be connected to recycled water from our portfolio company, Lightsview ReWater. It owns the pipes in the streets and provides irrigation water from our pumping and storage facilities. Extending the pipes into the adjacent suburbs is saving local councils around $100,000 on irrigation costs every year.

Though the Kooragang Industrial Water Scheme, a regulated water utility in Newcastle owned by Water Utilities Australia, we will supply high grade industrial water to Orica through to 2029. This scheme results in over 2000ML/year of drinking water being saved.

Images copyright Water Utilities Australia