Infrastructure

We build high-performing portfolios thanks to resilient assets displaying strong direct or indirect inflation indexation, capable of generating regular cash yield distributions with moderate debt levels and long-term structures.

Investments concentrate on sectors which contribute to major positive environmental and social impacts: Energy & Renewables, Digital Infrastructure, Transport & Mobility, Environment & Circularity and Social Infrastructure. These sectors are underpinned by major long-term underlying trends, namely the energy transition, including energy efficiency and optimized management of resources such as water and heat, and digitalization.

Access focuses on stable European markets and mid-market transactions, where competitive pressure is lower, resulting in opportunities for bilateral sourcing and/or more attractive entry valuations. The assets held in Access’s mandates and co-mingled funds have demonstrated strong resilience through crises and macroeconomic shocks, thanks to their stable return profile, moderate use of leverage, and long-term, contractual revenues with low correlation to GDP.

The investment objective is to build a well-diversified portfolio with exposure to different market sectors supporting long-term structural trends such as decarbonization, digitalization, and demographic change through established generalist and sector focused funds.

Fund selection is based on a wide range of criteria, including:
 

• a high level of team expertise
• a solid track record with consistent returns
• demonstrated value creation
• robust operational processes
• economic terms
• ESG integration

Access’ direct investment strategy is focused on operational sustainable assets, with a conservative approach to leverage and strong diversification across sectors and revenue regimes to foster cash yield resilience.

Leveraging on the team’s direct infrastructure investment expertise together with longstanding relationships with fund managers, Access co-invests alongside best-in-class fund managers operating in their field of expertise, industrials or institutional groups, ensuring optimal diversification in terms of sectors, ticket size and geographical coverage within Europe.

Building on Access’ historical commitment to Responsible Investment and active ESG integration since 2007, our latest co-investment fund is classified Article 8+ under the Sustainable Finance Disclosure Regulation. As such, it promotes environmental and social characteristics and seeks to invest at least 20% of commitments in European Union Taxonomy-aligned assets, thereby contributing to climate change mitigation and adaptation.

We bring significant added value to the infrastructure investment space through our dedicated and highly experienced team, established platform, and strategic investment approach.

The team’s direct investment background enables us to act as a joint bidder alongside equity partners rather than solely participating in syndications. This hands-on approach, coupled with its robust fund investment platform, enhances market coverage and deal origination capabilities, giving our firm a competitive edge in identifying and securing attractive investment opportunities. 

The firm’s investment philosophy centers on stable and recurring cash yield, with a focus on stable operational assets in developed economies. This strategy ensures long-term capital appreciation while minimizing return volatility through a conservative leverage approach and strong diversification across sectors and revenue regimes. 

With a particular focus on the mid-market segment, we benefit from a highly active yet less competitive space, successfully exploiting synergies between its fund of funds strategy and its co-investment approach. This strategic positioning allows Access to deliver superior risk-adjusted returns while maintaining resilience in its infrastructure investments