News

Second FTSE 250 company for InfraRed

4 April 2019 Corporate
InfraRed is delighted to confirm that TRIG (The Renewables Infrastructure Group Limited), will be the second infrastructure company listed by InfraRed on the London Stock Exchange to join the FTSE 250 index. This will take effect from 21 December 2015 as a result of the recent quarterly FTSE indices review. Both TRIG (a renewable energy infrastructure company) and HICL (HICL Infrastructure Company Limited, an investor in long-term social and transportation projects) are listed, income-yielding investment vehicles with inflation protection characteristics sought after by both retail and institutional investors.

InfraRed, as a long-standing investment manager in infrastructure, was the first to identify investor appetite 10 years ago for stable, inflation linked income from infrastructure assets and, with HICL, the first manager to list a portfolio of operational infrastructure investments. It has now created two listed infrastructure vehicles and, with TRIG’s index promotion, InfraRed is the first manager to succeed in guiding two infrastructure funds to the FTSE 250 (and FTSE 350 and FTSE 350 High Yield indices).

InfraRed persistently seeks to apply investment management best practices. It thrives on its strong sense of corporate responsibility and is generally recognised as a leader in disclosure and transparency in its reporting to investors.  Its infrastructure business has been awarded the top score by the UN sponsored Principles for Responsible Investments (PRI) for its Environment, Social and Governance practices (ESG).

InfraRed has created leadership positions with each of its listed infrastructure vehicles. Investors have benefited from this scale through increased share liquidity and cost competitiveness.  The current combined market capitalisation of TRIG and HICL is approximately £2.8 billion ($4 billion).

Werner von Guionneau, CEO, InfraRed Capital Partners commented:

“We are delighted to have a second market-leading, stable income vehicle in the FTSE 250. The market position we have built in listed infrastructure is a significant milestone and the outcome of insights gained over nearly 20 years of investing in infrastructure. With over 180 investments currently under management, InfraRed has gained in-depth knowledge of operating infrastructure assets globally and is at the forefront of the development of operational excellence and best investment practices in the sector. The success of HICL and TRIG demonstrates the sustained investor demand for long-term income products, liquidity, transparency and experienced management accessible via InfraRed’s listed funds.”

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