Our team

InfraRed Capital Partners Limited (InfraRed) is the Investment Manager to TRIG. It is experienced in the financing, development and management of infrastructure projects from their conception, design and construction into their long-term operating phases. InfraRed has a track record which dates back over 25 years and a reputation for creating real value for its investors, project partners, communities and end users.

Members of InfraRed’s infrastructure team have responsibility for managing TRIG’s existing portfolio and for sourcing further infrastructure investments to protect capital and enhance returns for shareholders. This delegation of activities is performed within agreed parameters set by the Board which are regularly reviewed. While InfraRed as a whole has over 190 employees across infrastructure and real estate, the infrastructure team has approximately 100 employees. These personnel have on average 12 years of infrastructure or related industry experience, and possess a broad range of relevant skills, including private equity, structured finance, construction and facilities management.

InfraRed’s headquarters are in London but it operates worldwide from its other offices in New York, Sydney, Mexico City and Seoul. InfraRed manages over US$12bn of equity capital internationally in multiple private and listed funds. To date InfraRed has raised 17 funds and completed over 450 transactions. One of these funds is another listed company advised by InfraRed – HICL, the first and largest London-listed infrastructure company.

InfraRed is a part of SLC Management which is the institutional alternatives and traditional asset management business of Sun Life.

Six senior InfraRed professionals comprise InfraRed’s Investment Committee for TRIG. This body reviews prospective new investments at various stages of the acquisition process and sanctions the final investment approval. The committee considers, inter alia, the suitability of the new investment in relation to the existing portfolio, its match with the Acquisition Strategy and the delegated parameters set by the Board, and the projected returns. It also carries ultimate responsibility for structuring and managing investments for the Company.

On average, these Investment Committee members have over 20 years of infrastructure or related industry experience.

The day-to-day running of TRIG is headed by Richard Crawford, as Fund Manager, and Phil George, as Financial Director. They are supported by the Fund Management team.

InfraRed’s infrastructure team consists of over 100 individuals and operates as a single platform across all infrastructure funds managed by InfraRed. The teams that support TRIG are broadly split across Business Development & Origination, Portfolio Management, Fund Management and Central Functions.

In terms of focus areas, InfraRed’s infrastructure professionals have an in-depth knowledge within the specific functions in relation to both infrastructure sectors and geographies, which often varies and evolves over time and with the investment strategies of specific vehicles.

Fund Management: A dedicated team with day-to-day responsibility for TRIG’s Fund and Portfolio and Financial Management and acts as the interface between the Investment Manager and TRIG’s stakeholders. Key inputs include the development of TRIG’s strategy to implement the Board’s Investment Policy, namely the identification of suitable markets for investment opportunities that are in line with TRIG’s risk appetite and provide attractive risk-adjusted returns.

Fund Management also undertakes capital raising, investor relations and the preparation of key external communications, including reporting, preparing marketing materials and TRIG’s website. The team liaises with existing investors and related parties (e.g. analysts and other key external stakeholders).

Portfolio and Financial Management:  These teams are concerned with the financial management of TRIG and financial performance of the portfolio. Working closely with the Operations Manager, RES, the team seeks to: monitor the financial performance of each investment against targets and forecasts; consider the portfolio composition and mix within risk appetite and desired returns; manage the investment cashflows; manage the processes and analysis which underpin the semi-annual valuation of the portfolio; ensure good financial management including forex hedging, efficient cash management and treasury processes.

Business Development & Origination: InfraRed has a large Business Development & Origination team including many specialising in the Energy and Renewables sector. Core activities are the building of relationships to provide industry insight and market knowledge and investment due diligence and execution, including detailed financial, legal, commercial and technical analysis of each transaction to examine project risk/returns, counterparties and asset quality. The team will source input from third-party advisers where appropriate.

Central Functions: Additional input is provided by a multi-disciplinary team within Central Functions which maintains and develops the risk management and compliance framework for InfraRed and the funds it manages (including TRIG). It provides independent credit opinions on all material counterparties – principally the supply chain in the context of TRIG investments – and the UK Company Secretariat function. It also offers tax advice and support to the TRIG transactions professionals on structuring, tax due diligence and compliance.

A selection of the individuals in key roles supporting the day-to-day management of TRIG within Fund, Portfolio and Financial Management are shown below.