Infranode has launched the first long term infrastructure investment platform based in Sweden with SEK 1.45 billion (around $200 million) initial commitments available for investments.
Investments will be made in infrastructure assets with essential characteristics suitable for a buy and hold strategy with a 20+ year investment horizon. Investment focus is on mid and smallcap transactions in the transportation, regulated utilities and social infrastructure sectors. The primary focus is the Nordics while opportunities in the rest of Europe will be considered in partnership with leading investors in such jurisdictions.
The Stockholm based investment team has a SEK 60 billion ($8.3 billion) track record in Nordic and other European infrastructure transactions.
Christian Doglia, Founding Partner, said:
"Infranode has been set up through a Swedish legal structure and a fee structure based on long term alignment with its investors that steps away from the private equity model. As such, Infranode aims to position itself as a sustainable partner for the public sector's infrastructure investment plans."
With an active strategy to partner with public and private infrastructure stakeholders, Infranode focuses on investments in operating assets (brownfield) but will also consider assets under development (greenfield) in the Nordics. The investment scope outside the Nordics is limited to minority investments.
Philip Ajina, Founding Partner, said:
"We currently see a growing mutual interest among local long term institutional investors, public sector entities and other infrastructure stakeholders to find ways to partner around investments in the infrastructure sector. We strive to be the local enabler of such partnerships in the Nordic market."
Infranode is a subsidiary to Areim, an established Stockholm based real estate investment advisor and investment manager. Areim has a 10 year and SEK 80 billion (around 11 billion) real estate investment management track record and currently manages two value-add real estate funds with a reputable local and international institutional investor base.
Leif Andersson, Chairman of Areim and Infranode, said:
"I'm very proud that we can launch Infranode today. Together Areim and Infranode are pioneering the creation of the first Swedish real assets specialist investor and advisor. In many ways we see infrastructure as a natural next step for institutional investors in to real assets beyond real estate."