AIP Management

About Us

AIP is a direct infrastructure investment platform for institutional investors
Originally established as PKA AIP in 2012, AIP has grown into an independent investment manager dedicated to advising institutional investors on direct investments into energy and infrastructure assets in Europe and the US. To date, AIP has invested approximately EUR 3 billion and the target for the coming years is to invest approximately EUR 600 million per year.

Our investors include the Danish pension funds PKA and Pensam
The PKA funds consist of four Danish funds administered by PKA A/S with more than EUR 37 billion in assets under management and approximately 300,000 members including nurses, medical secretaries, social pedagogues, and pharmacologists.
Pensam is a Danish labour market pension fund managing occupational schemes for people within eldercare, cleaning, technical service, and pedagogical care in Danish municipalities, regions, and private companies. Pensam has approximately 417,000 members and EUR 19 billion in assets under management.

3

million households supported by green energy

3

billion EUR assets under management

12

investments made

27

professionals

What we do

We invest in infrastructure which provides essential services to society
The stable profile of these assets fits well with the objectives of pension savers and benefits from AIP’s experience, execution and asset management skills.

Real assets

Physical
Irreplaceable
Long duration

Essential to society

Central to local community
Regulated
Politically stable

Constant demand

Low elasticity
Monopolistic
Low GDP link
Low market correlation

High barriers to entry

Capital intensive
Non-substitutable
Network-based

Stable cash flow

Predictable
High, steady margin
Inflation linked

WHAT WE LOOK FOR

We target investments in Europe and the US
The primary focus is on assets located in North-western Europe, but we have a mandate to invest across Europe and the US.

We focus on high quality investments in economic infrastructure
Our focus is on the cash-flow profile of the asset, underpinned by long contracts. Core sectors include energy, utilities, transport and telecom. We do not invest in coal or nuclear generation assets.

We are long-term equity investors
Dedicated to the long-term performance of our assets, we typically commit EUR 50 – 500 million per investment and prefer to take non-controlling equity stakes.

Geography

Europe and the US

Sector

Energy utilities transport, and telecom

Life-cycle

Construction or late stage development

Instrument

Equity or mezzanine

Ticket size

EUR 50-500 million

Duration

Hold-to-life or more than 15 years

HOW WE DO IT

We invest alongside strong, knowledgeable and aligned partners
We focus on partnering with operationally skilled Tier-1 strategic companies such as utilities with a proven track-record. We put great emphasis on ensuring strong alignment with our project partners and a clear split of risks and responsibilities.

We favor controllable asset risks over commodity market risks
We invest in high quality assets where the governance and structure are well defined and carried out together with best-in-class partners. We avoid high dependency on market risks via long contractual arrangements and investment structures.

We act responsibly and have a thorough focus on ESG
We believe that good governance and good returns go hand-in-hand, and that positive side effects to society and the environment are important for the economic setting in which our investments are embedded. ESG is an integral part of our investment process and a key component in the management of our assets post acquisition. AIP is a UN PRI signatory and a member of GRESB Infrastructure. Read more about our approach to ESG and responsible investing.

Strategic Partners

Financial Partners

The UK

The Netherlands

Gemini

Germany

Denmark

Anholt
TDC

Sweden

BlaFa

Norway

Nyhamna gas processing plant

USA

Investments

Since 2013, the AIP team has led investments of more than EUR 3 billion in 12 infrastructure assets across North-western Europe and the US
Click the markers on the map to read about the investments made in that area.

Team

Dedicated team with extensive infrastructure investment experience
Over the past 6 years, we have carefully and gradually built a strong team of seasoned professionals with complementary experience from principal investments, M&A, asset management, consulting, and infrastructure corporations enabling us to execute on our strategy.
At current, AIP consists of 27 employees split across investments, asset management, finance and support.