Chart of the week: European LPs Segmentation

Composition of European infrastructure fund investors by institution type  




Infrastructure Investor’s Research & Analytics team monitors infrastructure fund LPs’ investments around the world. For Europe, we have profiled over 410 institutional LPs in the region as to date. The largest group of investors in the asset class is pension funds which make up 34% of the total number of European LPs. The following is Banks/financial services, corporates and investment firms, accounting for 11.4%, 9.2% and 8.8% respectively. European Investment Bank (EIB) is one of the most active banks in the asset class in 2013. It has invested in unlisted infrastructure funds such as Convergence Partners’ Africa ICT Fund and Communications Infrastructure Fund (CPCIF), Glennmont Partners’ second Europe clean energy fund and MGM Innova Capital’s Sustainable Energy Fund. 6% of the European LPs are government agencies, some of which have dedicated allocations to emerging markets. For example, in 2013, the CDC Group is known to have invested in at least four unlisted infrastructure funds targeting emerging markets, Finnish Fund for Industrial Cooperation (Finnfund) has invested in Althelia Ecosphere’s fund focusing on REDD And Ecosystem Services in Africa, Asia and Latin America, and Netherlands’ FMO has committed to two Africa focused infrastructure funds.