Selected Investments

Investment Platforms

Itínere Infraestructuras S.A. is a private toll road manager and operator in Spain, with a network of 4 concessions with 5 toll roads, totaling 468 kilometers, a management contract and 25% participation in Bip&Drive

Toll Roads

Visit Website

Toll road between Ferrol and the Portuguese border in Galicia

Toll Roads

View Case Study

Toll road between Campomantes (Asturias) and León

Toll Roads

View Case Study

Toll roads connecting Coruña Carballo and Vigo-Bayona

Toll Roads

View Case Study

Toll road between Irurzun and Tudela (Navarra)

Toll Roads

View Case Study

The investment platform assets in this section are intended to be representative of the types of investments that have been made by the investment platforms and do not include all investments made by them. It should not be assumed that the investments shown herein have been or will ultimately be profitable.

Portfolio

>

Vantage

>

JFK Int'l Airport Terminal 6 (JFK)

JFK International Airport is New York City’s largest airport and primary international gateway

Visit Website

Platform: Vantage

Location: New York

    •
    JFK Airport Terminal 6 is scheduled to be delivered in 2028
    •
    Vantage’s consortium, JFK Millennium Partners, raised a total of $4.2 billion to fund the construction of a new international terminal at JFK
    •
    Vantage will lead the redevelopment of JFK’s current terminals 6 and 7 into one Terminal 6, and is contracted to manage the new terminal until 2060
    •
    The new terminal will cover an area of 1.2 million square feet, including 100,000+ square feet of commercial space

JFK International Airport is New York City’s largest airport and primary international gateway

Investment Date

2022

Sector

Airports

Portfolio

>

Vantage

>

LaGuardia Airport Terminal B (LGA)

LaGuardia Airport Terminal B is the central terminal of New York City's primary domestic airport

Visit Website

Platform: Vantage

Location: New York

    •
    LaGuardia Airport is one of the leading domestic gateways for business and leisure travel in the U.S. and is the primary business/short-haul airport for New York City
    •
    Vantage led a consortium that successfully bid on the $5.1 billion redevelopment of LGA's Terminal B through a lease with the Port Authority of New York/New Jersey, resulting in the largest airport P3 in U.S. history
    •
    LGA served a record 31.1 million passengers in 2019, over half of which travelled through Terminal B
    •
    Vantage is overseeing the redevelopment, managing operations and is an equity shareholder in the project company
    •
    The new Terminal B features an innovative design that reduces airside congestion, expands terminal capacity, and promotes sustainability

LaGuardia Airport Terminal B is the central terminal of New York City's primary domestic airport

Platform Company
Investment Date

2016

Sector

Airports

Portfolio

>

Vantage

>

John C. Munro Hamilton International Airport (YHM)

Hamilton International Airport, located outside of Toronto, is a regional passenger airport and Canada's busiest intermodal freight airport

Visit Website

Platform: Vantage

Location: Hamilton, Ontario, Canada

    •
    Hamilton International Airport is 100% owned and operated by Vantage Group through a lease with the Regional Municipality of Hamilton-Wentworth, Ontario, Canada
    •
    Located in Hamilton, a south-west suburb of Toronto, and served 1 million passengers and 532 thousand tonnes of cargo in 2019
    •
    One of Canada’s largest airports for domestic air-cargo distribution and a commercial passenger airport for the greater Hamilton area

Hamilton International Airport, located outside of Toronto, is a regional passenger airport and Canada's busiest intermodal freight airport

Platform Company
Investment Date

1996

Sector

Airports

Portfolio

>

Vantage

>

Hermes Airports (Larnaka International Airport (LCA) and Pafos International Airport (PFO))

Hermes Airports, also referred to as Cyprus International Airports, is comprised of Cyprus’ primary airports in the cities of Larnaka and Pafos

Visit Website

Platform: Vantage

Location: Larnaka and Pafos, Cyprus

    •
    Hermes Airports operates Larnaka International Airport and Pafos International Airport through a concession agreement with the Republic of Cyprus
    •
    The airports served 11.3 million passengers in 2019
    •
    Vantage led Hermes Airports to a successful bid on the concession to redevelop Larnaka International Airport and Pafos International Airport
    •
    Hermes Airports completed a €643 million redevelopment, totaling 1.2 million square feet, allowing for increased volume of passengers/flights, state-of-the-art facilities, and an improved traveler experience
    •
    As Pafos is a UNESCO World Heritage Site, Pafos’ culture and historical roots are showcased in the artwork and large-scale sculpture throughout its airport
    •
    Vantage provides leadership through its management services to Hermes Airports and is an equity shareholder in the company

Hermes Airports, also referred to as Cyprus International Airports, is comprised of Cyprus’ primary airports in the cities of Larnaka and Pafos

Platform Company
Investment Date

2006

Sector

Airports

Portfolio

>

Vantage

>

Sangster International Airport (MBJ)

Sangster International Airport is Jamaica's primary gateway for tourists visiting the island of Jamaica

Visit Website

Platform: Vantage

Location: Montego Bay, Jamaica

    •
    MBJ Airports operates Sangster International Airport through a concession agreement with the Airports Authority of Jamaica
    •
    Sangster International Airport is located three miles east of Montego Bay, Jamaica, and served 4.8 million passengers in 2019
    •
    Vantage oversaw the completion of a $110 million terminal expansion including new departure facilities, a central retail area, 18 additional loading bridges, ground transportation improvements, and a new aircraft refueling system
    •
    Vantage is an equity shareholder in MBJ Airports

Sangster International Airport is Jamaica's primary gateway for tourists visiting the island of Jamaica

Platform Company
Investment Date

2003

Sector

Airports

Portfolio

>

DP World

>

Sydney Terminal

DP World Sydney is a terminal located in Botany Bay

Visit Website

Platform: DP World

Location: Sydney

    •
    DP World Sydney has a terminal area of 39 hectares and is located in Botany Bay in south east Sydney, close to the city center
    •
    Services shipping lines and landside customers (rail and truck companies) and operates using a Rubber Tyre Gantry mode
    •
    Provides a full range of electronic business support to clients, including electronic customs release of cargo, electronic data interchange (EDI) reporting and web-browser-based information services
    •
    The Sydney terminal is under a management services agreement with DP World

DP World Sydney is a terminal located in Botany Bay

Platform Company
Investment Date

2006

Sector

Ports

Portfolio

>

DP World

>

Melbourne Terminal

DP World Melbourne is located in Australasia’s largest maritime container hub

Visit Website

Platform: DP World

Location: Victoria, Australia

    •
    DP World Melbourne has a terminal area of 49 hectares and is located in the Port of Melbourne, Australasia’s largest maritime hub for containerized, automotive and general cargo
    •
    It's the largest container terminal operated by DP World
    •
    Services shipping lines and landside customers (rail and truck companies) and operates using a straddle carrier mode
    •
    Provides a full range of electronic business support to clients, including electronic customs import release of cargo, electronic data interchange (EDI) reporting and web-browser-based information services
    •
    The Melbourne terminal is under a management services agreement with DP World

DP World Melbourne is located in Australasia’s largest maritime container hub

Platform Company
Investment Date

2006

Sector

Ports

Portfolio

>

DP World

>

Brisbane Terminal

DP World Brisbane is the largest container terminal in Queensland

Visit Website

Platform: DP World

Location: Queensland, Australia

    •
    DP World Brisbane has a terminal area of 36 hectares and is located at Fisherman Islands Terminal at the mouth of the Brisbane River
    •
    The Port of Brisbane is the largest container terminal in Queensland and the fastest growing port in Australia
    •
    The terminal services shipping lines and landside customers (rail and truck companies) and was the first DPWA terminal to become semi-automated, operating using an Automatic Stacking Crane mode
    •
    Provides a full range of electronic business support to clients including electronic customs import release of cargo, electronic data interchange (EDI) reporting and web-browser-based information services
    •
    The Brisbane terminal is under a management services agreement with DP World

DP World Brisbane is the largest container terminal in Queensland

Platform Company
Investment Date

2006

Sector

Ports

Portfolio

>

DP World

>

Fremantle Terminal

DP World Fremantle is located in the principal port of Western Australia

Visit Website

Platform: DP World

Location: Fremantle, Australia

    •
    DP World Fremantle has a terminal area of 14 hectares and is located in the principal port of Western Australia, at the mouth of the Swan River
    •
    The terminal is well situated for coastal and transshipment cargo, providing a key link between the Australian eastern ports and Asian hubs such as Singapore and Bangkok
    •
    Services shipping lines and landside customers (rail and truck companies) and is serviced by a rail link, giving shippers easy access to a direct freight service to the intermodal rail site at Kewdale
    •
    The Fremantle terminal is under a management services agreement with DP World

DP World Fremantle is located in the principal port of Western Australia

Platform Company
Investment Date

2006

Sector

Ports

Portfolio

>

Itínere

>

AP-9 Audasa

Toll road between Ferrol and the Portuguese border in Galicia

Visit Website

Platform: Itínere

Location: Galicia, Spain

    •
    AP-9 Audasa is one of the top ten toll roads in Spain with average daily traffic of 24,405 vehicles in 2019
    •
    219 kilometers
    •
    The road connects Galicia from North to South and provides a vital connection to Portugal
    •
    Itínere' s AP-9 Audasa concession term is 75 years

Toll road between Ferrol and the Portuguese border in Galicia

Platform Company
Investment Date

1973

Sector

Toll Roads

Portfolio

>

Itínere

>

AP-66 Aucalsa

Toll road between Campomantes (Asturias) and León

Visit Website

Platform: Itínere

Location: Asturias-León, Spain

    •
    The Campomanes-León toll road provides a link between Asturias and the Castilian Plateau with average daily traffic (ADT) of 8,476 vehicles in 2019
    •
    77.4 kilometers
    •
    AP-66 is a long distance motorway and is the only high-capacity road connecting Asturias with the center of the country
    •
    Itínere's AP-66 Aucalsa concession term is 75 years

Toll road between Campomantes (Asturias) and León

Platform Company
Investment Date

1975

Sector

Toll Roads

Portfolio

>

Itínere

>

AG-55, AG-57 Autoestradas de Galicia

Toll roads connecting Coruña Carballo and Vigo-Bayona

Visit Website

Platform: Itínere

Location: Galicia, Spain

    •
    The AG-55 toll road provides a vital link for commuters between a historic port city and the northern Galician countryside and coast with average daily traffic (ADT) of 13,278 vehicles in 2019
    •
    58.1 kilometers
    •
    The AG-57 toll road connects Puxeiros, on the outskirts of Vigo, and the mediaeval town of Baiona, through the district of El Val Miñor in Pontevedra with ADT of 7,825 vehicles in 2019
    •
    Itínere' s AG-55/AG-57 concession term is 50 years

Toll roads connecting Coruña Carballo and Vigo-Bayona

Platform Company
Investment Date

1995

Sector

Toll Roads

Portfolio

>

Itínere

>

AP-15 Audenasa

Toll road between Irurzun and Tudela (Navarra)

Visit Website

Platform: Itínere

Location: Navarra, Spain

    •
    The Navarra toll road links the Ebro toll road to the toll roads of Northern Spain with average daily traffic (ADT) of 16,302 vehicles in 2019
    •
    112.6 kilometers
    •
    AP-15 is the main corridor for traffic linking the Southwest of France with the center of the East of Spain
    •
    Itínere' s AP-15 Audenasa concession term is 75 years

Toll road between Irurzun and Tudela (Navarra)

Platform Company
Investment Date

1973

Sector

Toll Roads

Portfolio

>

Kelda

Water and waste-water services for 5 million people in northern England

Visit Website

Location: Leeds, United Kingdom

    •
    Kelda Holdings Limited is the owner of Yorkshire Water, a regulated monopoly provider of water and waste-water to 5 million people and 100,000 businesses in the north of England
    •
    Yorkshire Water has a Regulated Capital Value of £7 billion, with 40,000 miles of pipes and 700 treatment works
    •
    Kelda was acquired in 2007 and 2008 in a take-private by a consortium led by funds managed by Citi Infrastructure Investors. Corsair assumed the management of those funds under an investment management agreement in 2015

Water and waste-water services for 5 million people in northern England

Investment Date

2015

Sector

Water