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 more than EUR 4 billion and the target for the coming years is to invest approximately EUR 800-1,000 million per year.

Our investors include the Danish pension funds PKA and Pensam and the Norwegian financial group Storebrand
The PKA funds consist of four Danish funds administered by PKA A/S with approximately EUR 40 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 20 billion in assets under management.

Storebrand is a Norwegian financial group offering pension, savings, insurance and banking products to individuals, businesses and public enterprises. The group has more than 2 million members in Norway and Sweden and EUR 77bn in assets under management.

AkademikerPension is a Danish member-owned pension fund for academics. The pension fund has approximately 147,000 members and a total of DKK 140 billion in assets under management.

3.5

million households supported by green energy

+4

billion EUR assets under management

18

infrastructure assets

54

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 Europe and North America.

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

USA

Investments

Since 2013, the AIP team has led investments of more than EUR 4 billion in 19 infrastructure assets across North-western Europe and the US
Click on a coloured part of the map to read about the investments made in that area.

Agility Trains East

Agility Trains East Agility Trains East (“ATE”) is a rolling stock fleet of 65 Hitachi Class 800/801 Intercity Express trains running on the East Coast Main Line in the UK. The fleet, which is compromised of both electric and bi-modal trains, is fully delivered and in operation. AIP investors hold a 30% equity stake in…

Vestprosess

Vestprosess Vestprosess DA is a natural gas liquids (NGLs) processing facility in Norway located at the Mongstad processing plant. AIP acquired an 8% participating interest in Vestprosess DA from A/S Norske Shell, through its subsidiary North Sea Infrastructure in October 2019. In addition, North Sea Infrastructure entered into a purchase agreement with Total E&P Norge…

TDC

TDC TDC is Denmark’s largest telecommunications operator with more than 3 million customers across TV, broadband and mobile segments. The investment, which involved taking TDC private, is focused on strengthening the Danish digitalization through largescale investments into fibre and 5G technology over the next decade, all aimed at putting Denmark at the forefront of the…

BlaFa

BlaFa Blakliden/Fäbodberget onshore windfarm (BlaFa) is a 353MW onshore wind farm located in Sweden. PKA has partnered with the Swedish utility Vattenfall and turbine supplier Vestas to build the wind farm which is expected to cover the annual electricity consumption for approximately 220,000 Swedish households. AIP investors will own 30%, Vattenfall 30% and Vestas 40%,…

Nyhamna

Nyhamna The Nyhamna gas processing plant is one of Northern Europe’s largest gas processing facilities located in North-western Norway. It became operational in 2007 and processes gas from the Ormen Lange and Aasta Hansteen fields. More fields are expected to be connected in the future through the Polarled pipeline that connects Aasta Hansteen with Nyhamna.…

Walney Extension

Walney Extension Walney Extension is a 659MW offshore wind farm located in the East Irish Sea in the UK. Once operational, the asset will be the largest offshore wind farm in the world providing renewable electricity to over 590,000 households per year. AIP investor PKA holds a 25% stake alongside Danish pension fund PFA (25%) and…

Tees Renewable Energy Plant

Tees Renewable Energy Plant Tees Renewable Energy Plant is a 299 MW biomass power plant in located in the Northern England. The asset is under construction and is expected to be completed by 2021. When completed, the power plant should generate enough electricity to cover the annual electricity consumption of approx. 600.000 British households. AIP…

Burbo Bank Extension

Burbo Bank Extension Burbo Bank Extension is a 258 MW offshore wind farm located 7km off the coast of Liverpool in the UK. Ørsted constructed the asset and is operating the asset while holding a 50% equity stake in the asset. The asset became fully operational in 2017 and is now supplying renewable electricity to approximately…

Gode Wind 2

Gode Wind 2 Gode Wind 2 is a 252MW offshore wind farm located in the German North Sea, approximately 45 km from the German coastline. Gode Wind 2 consists of 42 wind turbines each with 6MW capacity from Siemens Wind Power including a gearless solution and rotors with wingspan of 154 meters in diameter. Gode…

Gemini

Gemini Gemini is a 600MW offshore wind farm located in the Dutch part of the North Sea, 85 km north off the coast of Groningen. Gemini is supplying renewable electricity to some 630,000 Dutch households annual and consists of 150 Siemens wind turbines with a capacity of 4.0 MW each, making it one of the…

Butendiek

Butendiek Butendiek is a 288MW offshore wind farm located in the North Sea around the German-Danish border, approximately 32 km off the island of Syl. It consists of 80 Siemens 3.6 MW wind turbines. Every year until decommissioning, the wind farm will be supplying green and renewable electricity to cover the annual consumption of some 300,000…

Anholt

Anholt Anholt is the largest offshore wind farm in Denmark, located between Jutland and the island of Anholt. It has a capacity of 400 MW coming from the 111 Siemens 3.6 MW wind turbines. Anholt has the capacity to supply green and renewable electricity corresponding to the annual consumption of approximately 420,000 Danish households every year…

Zion Battery Energy Storage Systems (BESS)

Zion Battery Energy Storage Systems (BESS) Zion BESS is two 4-hour battery energy storage systems in California, with a total combined capacity of 160 MW / 640 MWh. The energy storage systems will be co-located with the operational solar PV facilities Garland and Tranquillity in Kern and Fresno County. AIP investors hold a 49% equity…

Tranquillity

Tranquillity Tranquillity is a photovoltaic solar facility situated in Fresno County, California. The facility has a capacity of 258MWdc and consists of more than 800,000 solar panels. The facility became operational in 2016 and provides renewable electricity to 50,000 households every year. AIP investors hold a 49% equity stake with Southern Power owning the remaining…

Prospero I

Prospero I Prospero I is a solar generation asset situated in Andrews County, Texas. The facility has a capacity of 379MWdc and is set to start operation in 2020. It will provide renewable electricity to almost 180,000 households every year and consists of more than 3m solar panels. AIP investors hold a 50% equity stake…

Little Bear

Little Bear Little Bear comprise 4 solar generation assets situated in Fresno County, California totalling 211MWdc. The facilities are set to start operations in 2020 and will provide renewable electricity to more than 100,000 households every year. Jointly, the facilities consist of almost 500,000 solar panels. AIP investors hold a 50% equity stake in a…

Garland

Garland Garland is a photovoltaic solar facility situated in Kern County, California. The facility has a capacity of 272MWdc and consists of more than 800,000 solar panels. The facility became operational in 2016 and provides renewable electricity to 50,000 households every year. AIP investors hold a 49% equity stake with Southern Power owning the remaining…

Escalade

Escalade Escalade is a 336MW onshore windfarm located in Knox County, Texas which is set to start operations in the fourth quarter of 2021. The park will consist of 20 Vestas V150 and 45 Vestas V162 turbines and construction will be managed by the experienced parties Akuo Energy USA, Mortenson Construction and Vestas. The park…

El Campo

El Campo El Campo is a 243MW onshore windfarm located in Knox County, Texas. The park will start construction in July 2019 and all 67 Vestas turbines will be in operations during the third quarter of 2020. Construction will be managed by Longroad Energy and performed by the experienced M.A. Mortenson. The wind park will…

Team

Dedicated team with extensive infrastructure investment experience
Over the past 8 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 62 employees split across investments, asset management, finance and support.

Do you want to become a part of AIP Management?
Read more about working in AIP here.