Team Track Record

The Partners have a successful track record in building and exiting three previous portfolios of primary and secondary PFI assets:

•    2004-2009: Infrastructure Investors
•    2001-2004: Noble PFI Fund
•    1999-2001: Edison Capital

Together these funds made investments in a total of 87 PFI projects, which accounted for approximately 10% of the UK PFI market as at December 2008.¹

Elgin Infrastructure Limited 

Dalmore Capital introduced 3iN to Robertson Capital Projects and this led to the successful establishment of Elgin Infrastructure Limited, a vehicle set up by Robertson Capital Projects to hold 16 PFI investments - in January 2010 3iN took a 49.9% stake in this vehicle for £38.9 million.

Worcester Library & History Centre PFI Project

Dalmore Capital introduced L&P Financial Trustees to Galliford Try Investments Limited in the last quarter of 2010.  Dalmore Capital established EC2V LP, with L&P Financial Trustees as an investor, to acquire a 50% stake in the Worcester Library & History Centre PFI project from Galliford Try Investments Limited.  The general partner of EC2V LP is a subsidiary of Dalmore Capital and as such provides fund management services to this investment vehicle.

1. IFSL Research February 2009: By the end of 2008, 935 PFI & PPP projects had been signed