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.
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
Real assets
- Physical
- Irreplaceable
- Long duration
Essential to society
Essential to society
- Central to local community
- Regulated
- Politically stable
Constant demand
Constant demand
- Low elasticity
- Monopolistic
- Low GDP link
- Low market correlation
High barriers to entry
High barriers to entry
- Capital intensive
- Non-substitutable
- Network-based
Stable cash flow
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
Sector
Life-cycle
Instrument
Ticket size
Duration
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
Germany
Denmark
Sweden
Norway
Investments
Since 2013, the AIP team has led investments of more than EUR 3 billion in 13 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.
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…
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…
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…
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…
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 CO2 free electricity to over 590,000…
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 2020. When completed, the power plant should…
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…
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…
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 CO2-free electricity to some 630,000 Dutch households annual and consists of 150…
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…
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…
El Campo
El Campo El Campo is a 243MW onshore windfarm located in Knox Country, 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…
Garland & Tranquility
Garland & Tranquility Garland and Tranquility are two solar generation assets situated in California, United States. They have a combined capacity of 410MW and consist of more than 1.7 million solar panels. The two assets became operational in 2016 and…
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 32 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.
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Contact
AIP Management P/S
Rosenborggade 1B
DK-1130 Copenhagen
Denmark
CVR: 39 50 43 08