Infrastructure

TD Global Infrastructure

At a Glance

The global infrastructure strategy is open-ended with a focus on mid-market, core-plus assets. The purpose of the strategy is to provide institutional investors with a sustainable, long-term income generating investment in a diversified portfolio of global infrastructure assets.

We believe that:

  1. An open-ended fund structure best matches both our clients’ long-term needs and the long lifespan of infrastructure investments.
  2. The most attractive opportunities lie in the mid-market range and are best sourced through established relationships.
  3. Risk is most appropriately managed through careful deal structuring as well as diversification globally and across different asset types.

Long-term, Income Generating Investments

  1. Experience: Over 30 years of experience in building private asset portfolios for institutional clients

  2. Integrated team: Infrastructure clients benefit from the expertise across our entire multi-asset class firm

  3. Relationship-driven investing: All our investments have been sourced from bi-lateral negotiations or processes with limited competition

  1. Management fee structure: The strategy charges a single, flat management fee based on capital invested

Philosophy and Approach

  • With over 30 years of experience managing alternative investments, our competitive advantage is a firmly established Canadian and global alternative assets platform. Our philosophy is to protect, grow and build the income stream of our clients’ portfolios.

    Our investment process consists of:

    Top-down analysis: We use fundamental and technical analysis to monitor the macroeconomic environment for changes in market and industry trends. We perform a top-down analysis by looking at global infrastructure market fundamentals and develop a long-term strategy for infrastructure assets.

    Applying proprietary modeling tools, we develop diversification parameters (by industry, geographic location and risk strategy) to provide full diversification, which manages portfolio risk and optimizes return.

    Bottom-up analysis: Our team screens opportunities based on a number of factors including investment scalability and size, expected risk-return trade-off, sector, geography, execution certainty and diversification benefits. Potential investments that meet these criteria and offer accretive risk-adjusted returns are then further explored. Investments aligned with our income and income growth philosophy are pursued if they provide proper governance and can be added to the portfolios at an attractive price.

  • Model: All investment decisions are placed into a proprietary portfolio modelling system to provide clarity on availability of capital and visibility to any potential compliance issues. The model allows us to dynamically focus on investment decisions that meet portfolio requirements both in the present and into the future.

    Execution: Our team has developed strong personal and professional relationships with an array of global advisory, banking, pension fund, investment fund and industry players in their previous experiences. Possessing transactional experience in North America, Europe, South America and Asia, we focus on securing a significant number of negotiated and proprietary transactions stemming from these existing relationships. Participation in competitive public auctions is only pursued if we feel the competitive and strategic makeup of our consortium ensures a high probability of success.

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