Meridiam Infrastructure is a fund dedicated to investment in infrastructure projects financed by public/private partnership (PPP) contracts or subject to cessions.

In May 2006, Crédit Agricole group, through Predica and Crédit Agricole Private Equity, on the one hand, and the global engineering services company, Aecom Technology, on the other, engaged themselves on a first fund raising round of EUR190 million. A second round of fund raising is currently being organised wind third-party investors for an additional EUR200 million.

 

The fund invests on both primary and secondary markets, in projects with diversified risk profiles in sectors such as social infrastructure, the environment and transport. Our team consists of investors with excellent experience in new PPP project development and a portfolio of impressive references.

 

Meridiam can take majority or minority positions, depending on project size, via inputs generally ranging from EUR5 million to EUR6 million (exceptions may arise).

 

 

 

The aim is to make an active sustained contribution to the development, enhancement and optimisation of infrastructures and associated collective services in OECD countries. In the short-term, Europe is our first priority.

 

The fund's experience in the domain allows us to engage in long-term projects with public concession-awarding partners or co-signatories to PPP contracts and private -industrial and financial- investors, with whom project-specific consortiums are formed.

 

We seek projects that are based on a framework of partnerships guaranteed by the public (or equivalent) contributors. We pay particular attention to the long-term economic and social impacts of our projects. The quality of service that such projects procure for users -patients, retired persons, travellers, school children, etc.- is one of our principal concerns.

 

 

 

We offer international institutional investors the opportunity to invest in a class of asset that although unlisted, is a reliable, stable and regular generator of income. These assets correspond perfectly to the long-term (and inflation-linked) commitments carried by such institutions.

 

We have exceptional expertise in the field of valuing and assessing the risks associated with PPP projects, and we also have the high-level capacity for financial innovation. We can build customised financial solutions for each project risk profile via judicious utilisation of equity and quasi-equity instruments.

 

 

 

The team is composed of specialised PPP project financiers, developer engineers and project managers, as well as business developers. This multi-skilled approach allows us to analyse all aspects of PPP projects and to interact at the highest level with the representatives of public, financial and industrial institutions.

 

Meridiam's system of governance guarantees the complete autonomy of the investment decisions.

 

We also have the benefit of Crédit Agricole group's long experience in the domain of PPP project debt financing and its proximity to local players via its network.