Key Investment Highlights
  • Strong, predictable dividend yield, with an annual target of  6% on the issue value and an IRR target of 7% to 8%
  • Fully invested at launch in PFI/PPP infrastructure projects, with contracted government-backed revenue streams,  inflation-linked returns and long term contracts
  • PFI/PPP experienced management team
  • Prospects for capital growth from asset management and strong pipeline of acquisition opportunities
  • John Laing Group is retaining a minimum of 20% in JLIF
  • Debt free at launch, and then limited to a maximum of 25% of total asset value.

John Laing Infrastructure Fund Limited (‘JLIF’), a Guernsey registered closed-ended investment company, intends to seek a Primary Listing on the London Stock Exchange. Targeting to raise gross proceeds of between £251 million and £270 million, and be fully invested by acquiring a seed portfolio of operational, global infrastructure PFI/PPP projects from the John Laing Group.

JLIF aims to be fully invested at launch by acquiring a seed portfolio of operational, availability* based global infrastructure PFI/PPP projects from the John Laing Group.

The John Laing Group has committed to subscribe for at least 20% (but no more than 25%) of JLIF's share capital at launch.

JLIF will be advised on a day to day basis by John Laing Capital Management Limited (‘JLCM’). David Marshall and Andrew Charlesworth, both of whom are directors of JLCM and who lead its management team, will be dedicated to advising JLIF and the management of its holding entities.

* One project in the seed portfolio (the M40 Motorway) has revenue calculated through a shadow toll mechanism, although this is relatively insensitive to traffic movements

 

The JLIF Structure Back to top