Infrastructure |
|
Based on the knowledge in the Private Equity markets, König & Cie. set up its own dedicated infrastructure team. According to the OECD, worldwide cumulative infrastructure investment demand will reach US$ 70 trillion by 2030. Clearly, this amount of finance cannot be provided by governments alone - private capital is needed and highly welcomed. The worldwide stimulus packages against the current economic downturn include significant infrastructure investments. Although very young, the infrastructure asset class attracts a high degree of interest among retail as well as institutional investors. The advantages of infrastructure assets can be followed "live" in the current crisis: Certainly not immune to economic downturns, good infrastructure assets still display solid cash flows. EBITDA regularly decreases significantly less than revenues, if at all. König & Cie. manages its own infrastructure fund of fund open to institutional investors. The highlight of the König & Cie. fund of funds is the stake in Global Infrastructure Partners ("GIP"). With US$ 5,64 billion, GIP is one of the biggest infrastructure funds ever raised. General Electric and Credit Suisse as founders of GIP are contributing US$ 500 million each. Currently GIP is invested in 10 assets. Most recently, GIP bought Gatwick airport in the south of London and subsequently sold equity stakes to South Korea's National Pension Service ("NPS") and Abu Dhabi Investment Authority ("ADIA"). |
"Gatwick´s bottom-of-the-market price should ensure sturdy, if not stellar, returns for Global Infrastructure Partners, its new owner." (FT, 22 October 2009) GIP is a prime example for König & Cie.'s belief how to manage infrastructure assets in OECD countries to unleash the inherent value of the assets: Cautious use of debt capital combined with the application of industrial best practices and active management of the day to day activities of the assets on side. The highlight of the König & Cie. fund of funds is the stake in Global Infrastructure Partners ("GIP"). With US$ 5,64 billion, GIP is one of the biggest infrastructure funds ever raised. General Electric and Credit Suisse as founders of GIP are contributing US$ 500 million each. Currently GIP is invested in 10 assets. Most recently, GIP bought the Gatwick airport in the south of London and subsequently sold equity stakes to South Korea's National Pension Service ("NPS") and Abu Dhabi Investment Authority ("ADIA"). "Gatwick´s bottom-of-the-market price should ensure sturdy, if not stellar, returns for Global Infrastructure Part- ners, its new owner." (FT, 22 October 2009) GIP is a prime example for König & Cie.'s believe how to manage infrastructure assets in OECD countries to unleash the inherent value of the assets: Cautious use of debt capital combined with the application of industrial best practices and active management of the day to day activities of the assets on side. |
Get in Contact |
||
 
|
||||
