Our business is organised across three key areas of activity:
Primary Investment: we source, originate, bid for and win greenfield infrastructure projects, typically as part of a consortium in the case of PPP projects. Our Primary Investment portfolio comprises interests in infrastructure projects which are in the construction phase.
- Secondary Investment: we own a substantial portfolio of investments in operational infrastructure projects, almost all of which were previously part of our Primary Investment portfolio.
- Asset Management: we actively manage our own Primary and Secondary Investment portfolios and provide investment advice and asset management services to two external funds. The John Laing Environmental Assets Group (JLEN), and a privately owned investment entity JURA Infrastructure Limited (formerly called JLIF) through John Laing Capital Management Limited (JLCM), which is regulated by the Financial Conduct Authority (FCA).
We create value by originating and investing in new greenfield infrastructure investments
Post-construction, these investments are designed to produce long-term predictable cash flows that meet our rate of return targets.
Once operational, investments move from our Primary Investment portfolio to our Secondary Investment portfolio.
Operational investments can be sold to secondary market investors who target a lower rate of return consistent with the reduction in risk for assets that have completed construction.
These realisations release capital to recycle into primary investment opportunities.
Alternatively, investments can be retained in the portfolio after construction to generate a cash yield and also offer potential for further value enhancement from changes that improve project cashflow.
Our asset management activities focus on management and reduction of project risks, especially during the construction phase, and enhancement of project cash flows.