What should this asset deliver for its owners?
An investment-mandate brief defines the objectives, risk profile and ownership horizon.
SERVICES / INFRASTRUCTUREAssets / Economics / Ownership
Infrastructure.
Investment strategy, asset economics, ownership structures and operator alignment for long-duration assets.
Discuss your requirementsInfrastructure / Our focus
The asset. Its economics.
The ownership horizon.
We assess the asset alongside the cash flows, governance and operating decisions that shape ownership. Work spans the investment thesis through to hold, reinvestment or exit.
How we workScope of work
Investment and asset ownership
Focused workstreams, developed around the priorities of the engagement.
Discuss your requirementsAsset strategy and mandate definition
Start with what the asset needs to achieve for its owners.
- Working output
- An investment-mandate brief setting out the thesis, strategic objectives, risk profile and intended ownership horizon.
- Decision supported
- Assess whether an asset fits the owners’ objectives before developing the structure.
Structuring and jurisdictional coordination
Align the ownership framework with the asset and its capital providers.
- Working output
- A comparison of holding and special-purpose-vehicle structures, with jurisdictional questions for legal and tax specialists.
- Decision supported
- Select an ownership framework for detailed specialist review.
Cash-flow, yield and scenario analysis
Make the economics and their sensitivities visible.
- Working output
- An asset cash-flow model with explicit operating and reinvestment assumptions, yield analysis and sensitivities.
- Decision supported
- Assess how changes in the assumptions affect available cash and capital requirements.
Operators, governance and stewardship
Connect commercial performance with clear responsibilities.
- Working output
- An operator assessment and governance framework covering reporting, performance incentives and oversight responsibilities.
- Decision supported
- Choose an operating arrangement and define how owners will monitor it.
Hold, recycle or exit
Consider value realisation as part of the ownership strategy.
- Working output
- A hold, capital-recycling or sale assessment, connecting monetisation options to the ownership horizon and portfolio priorities.
- Decision supported
- Determine whether to retain, partially realise or exit the investment.
Scope, responsibilities and specialist input are agreed for each engagement.
The decision in context
Key decisions
How do operations and reinvestment affect available cash?
An asset cash-flow model shows the effects of operating and reinvestment assumptions.
How should operators and capital providers be aligned?
An operator assessment and governance framework connects incentives, reporting and oversight.
The ownership horizon
Across the ownership lifecycle
Assess
Structure
Operate
Reinvest
Realise
Each stage informs the others. Ownership choices are considered from the outset.
Connected expertise
