Our Investment Strategy
A Disciplined Infrastructure
Investment Strategy
Investment Strategy
Our strategy is built on three complementary pillars that guide how we identify,
protect, and grow infrastructure investments over the long term.
Identify
Megatrends & KeyInfrastructure Themes
The current market environment is characterised by multiple structural megatrends like decarbonisation,
connectivity, electrification, and aging populations which are triggering strong growth potential and creating
attractive investment opportunities for “value-add” infrastructure strategies
Vesper Infrastructure Partners characterizes for an on-going structured monitoring of transformative megatrends and proactive identification of infrastructure companies benefiting from such forcesMegatrend acts as a strong catalyst for change and disruptions which are capable of triggering material growth potential across different industries and sectors of the economy. Therefore, Vesper focuses on the proactive identification of target companies active in key infrastructure segments / investment themes, which shows clear exposure to relevant megatrends and benefit from their growth and return generation potentialIn particular, Vesper Infrastructure Partners focuses on the following four megatrends and on those target companies that show a direct exposure to the strong growth and return generation potential triggered by such megatrends
This megatrend represents a structural shift that goes beyond simply increasing the share of renewable power in the energy mix.
It reflects a multi-dimensional transformation that is creating investment opportunities across new energy value chains, including sustainable energy generation, intermittency solutions, and carbon technologies that improve energy efficiency and support decarbonization
It reflects a multi-dimensional transformation that is creating investment opportunities across new energy value chains, including sustainable energy generation, intermittency solutions, and carbon technologies that improve energy efficiency and support decarbonization
Innovative technologies are creating opportunities to transform existing transport infrastructure and decarbonize terrestrial, maritime, and air transport, while improving logistics security and optimizing fleet costs
The ongoing transformations in the way people and goods will be transported are triggering mobility’s second historical inflection point. The implementation of dedicated clean tech solutions in this regard will lead to material infrastructure investment opportunities in biofuels, synthetic fuels and associated fleet charging networks.
Finally, the advent of shared mobility models, together with autonomous driving capabilities, will lead to growing adoption of technology-enabled new transport services, which will create multiple growth opportunities for Mobility-as-a-Service platforms and their enabling infrastructures
The ongoing transformations in the way people and goods will be transported are triggering mobility’s second historical inflection point. The implementation of dedicated clean tech solutions in this regard will lead to material infrastructure investment opportunities in biofuels, synthetic fuels and associated fleet charging networks.
Finally, the advent of shared mobility models, together with autonomous driving capabilities, will lead to growing adoption of technology-enabled new transport services, which will create multiple growth opportunities for Mobility-as-a-Service platforms and their enabling infrastructures
The growing digitalization of the economy and our open societies is driving a surge in data consumption.
A virtuous cycle of rising data consumption and creation is giving rise to new technologies and applications, which in turn generate ever-increasing demand for additional capacity.
As a result, digital infrastructure has become the backbone of an increasingly digital lifestyle, creating pent-up demand for secure fixed, wireless, and satellite infrastructure.
A virtuous cycle of rising data consumption and creation is giving rise to new technologies and applications, which in turn generate ever-increasing demand for additional capacity.
As a result, digital infrastructure has become the backbone of an increasingly digital lifestyle, creating pent-up demand for secure fixed, wireless, and satellite infrastructure.
On a planet with finite resources and an aging population, the inevitable shift toward a circular economy and a more sustainable society is creating multiple infrastructure opportunities, including energy from recovered resources, regenerative agricultural solutions, and platforms that support the health and living standards of our societies
According to the World Life Fund, “global food production currently accounts for a third of greenhouse gases, 80% of deforestation, 70% of terrestrial biodiversity loss, and 70% of all freshwater use” and current food production still has to increase dramatically to meet growing population demands
The world requires sustainable infrastructure solutions to feed a growing population—such as energy from recovered resources, vertical farming, and sustainable water management—and to ensure that, as humanity ages, it also grows healthier through improved healthcare infrastructure, including diagnostic centers, emergency solutions, and remote health platforms
According to the World Life Fund, “global food production currently accounts for a third of greenhouse gases, 80% of deforestation, 70% of terrestrial biodiversity loss, and 70% of all freshwater use” and current food production still has to increase dramatically to meet growing population demands
The world requires sustainable infrastructure solutions to feed a growing population—such as energy from recovered resources, vertical farming, and sustainable water management—and to ensure that, as humanity ages, it also grows healthier through improved healthcare infrastructure, including diagnostic centers, emergency solutions, and remote health platforms
Protect
The Centrality of
Capital Protection
Capital Protection
As the concept of the infrastructure assets evolves from the original notion of the asset class (which was mainly focused on fully regulated-availability based energy asset or concession based transport assets), to include a growing number companies active in multiple new sectors exposed to market competition (i.e. Data centers, health care infrastructures, logistic platforms, …), it has become of paramount importance to ensure that potential target companies maintain those robust capital protection features* which were original characteristics differentiating the infrastructure asset class against pure play PE strategy.
From an operational point of view, this means that each target opportunity is screened across three key dimensions to confirm its compatibility with the desired characteristics and targeted risk return profile:
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*) Robust capital protection features refers to the relevance that downside risk analysis has in the overall investment process performed by Vesper Advisory. However, from a technical point of view, the capital is not guaranteed, which means that investors could lose up to 100% of the amount invested.
Execute
Industrial High
Performing Governance
Performing Governance
This is an industrial, high-performance governance framework, whose operational implementation is guided by a value creation playbook which is used to bring discipline and accelerate the execution of the envisaged business transformation through a three-stage approach:
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Vesper High Performance Governance
We Learn, Adapt and Improve
We Learn, Adapt and Improve