Infrastructure

Through a joint venture, Invest AD and UBS Global Asset Management have launched a fund to tap major infrastructure development in the Middle East and North Africa.

The fund, which raised US$250 million in its first close in April 2009, is offering investors a route into a region that is conservatively forecast to invest over $400 billion in infrastructure development over the next decade.

The fund invests largely in “greenfield” assets, primarily in government concessions or long-term contracts with solid partners that generate predictable cash flows. It aims for broad geographical diversification, with exposure in several areas, including transport, utilities, energy, education and healthcare.

Invest AD has a strong track record of infrastructure investment in the Middle East and North Africa and enjoys strong ties with regional government bodies, developers, operators, contractors and banks. The experienced investment team combines top talent from both organizations, focused on employing its connections, local knowledge and expertise to produce a steady flow of high-quality deals.