PPP Infrastructures - Strategy and positioning
Investing in public-private partnership (PPP) infrastructure projects
Founded in 2006 by Thierry Déau, Meridiam Infrastructure is Crédit Agricole Private Equity's subsidiary specialising in investments in public-private partnership (PPP) infrastructure projects.
As market leader in private equity for public-private partnership (PPP) infrastructure projects, Meridiam invests in primary projects (construction) and secondary projects (management of existing infrastructures) in Europe and North America. Projects are chosen for their usefulness and potential in the transportation, healthcare and utilities sectors.
A partnership approach for long-term investments
The solidity of Meridiam's model is based on two main commitments:
- long-term yields over 25 years for investors: thanks to investments protected from market uncertainties and general risk control;
- aligning the interests of Meridiam and public authorities through a long-term partnership to realise, optimise and manage projects essential to the community's well-being.
An international and multi-disciplinary team supporting PPP projects
Representing nine different nationalities and with at least 15 years experience in managing infrastructure projects with public authorities, Meridiam's 20 employees are divided into three divisions:
- central management teams in Paris;
- teams specialising in investments in North America, based in New York and Toronto;
- and cross-functional teams blending Meridiam's asset management skills in charge of supervising investment policy.
The Meridiam Infrastructure funds
Meridiam closed its first fund-raising round of €600 million in April 2008 and invested in around 15 projects. Its main sponsors are Crédit Agricole and Aecom Global Technology, joined by prestigious institutional investors such as the European Investment Bank (EIB).
Meridiam is in the processing of raising funds for the Meridiam Infrastructure Europe II and Meridiam Infrastructure North America II funds, with a total target size of €1.7 billion (first closing with long-standing sponsors and external fund-raising in progress with international institutional investors).
