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Year Founded: 2011

AUM: NA | Dry Powder: $110.53M
33 Gutter Lane, London EC2B 8AS, England, United Kingdom
Hermes Infrastructure was founded as a shared platform to facilitate access to high quality infrastructure investments by institutional investors. It makes investments across multiple sectors; utilities, renewable energy, transport and social infrastructure within the UK, Europe, North America and selected other OECD as target jurisdictions

Key Contacts

  • Emma Howell
    Partner
  • Hamish de Run
    Founding Partner & Head, Infrastructure
  • Perry Noble
    Partner & Head of Infrastructure

Investment Preferences

  • Preferred Industries
    Utilities
  • Geographical Preference
    Europe, North America
  • Preferred Deal Types

    N/A

  • Other Investment Preferences
    • Seeks ESG investments
    • Seeks Impact investments

Investments By Year

Source: Pitchbook

Funds Closed

Hermes GPE Infrastructure Fund II
Vintage: 2017

Size: $1.3B

Dry Powder: $20.3M

Details: Fund’s infrastructure asset preferences are renewable energy, transportationr

Hermes GPE Infrastructure Fund
Vintage: 2014

Size: $1.7B

Dry Powder: $91M

Details: The fund invests in consumer products and services (B2C), IT, software industries and its infrastructure asset preferences are renewable energy, transportation, etc.

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In July 2020, Hermes Infrastructure (Hermes) acquired a 9.45% stake in Viridor Limited, alongside KKR managed funds and other investors, who together have acquired the remaining 90% stake, from Pennon Group Plc. Viridor is a Waste-to-energy, recycling and waste management company in UK with a portfolio of assets complementary across the waste value chain

In September 2019, a joint venture of CGN Europe Energy and Hermes Infrastructure agreed to acquire five Swedish wind farms from Aquila Capital with a gross capacity of 813MW. CGN and Hermes, via its Hermes Infrastructure Fund II LP, agreed to acquire an 80% and 20% stake in the portfolio respectively

In May 2018, Quadgas Investments BidCo Limited (‘Quadgas’), a consortium of long-term infrastructure investors including Hermes Investment Management, agreed to potentially acquire the remaining 25% (in March 2017, Quadgas acquired a total of 75% interest in National Grid’s gas distribution networks) ownership interest in Cadent Gas from National Grid plc. Cadent Gas is the gas distribution network in the UK, delivering gas to nearly 11 million households and businesses

In March 2018, Hermes Infrastructure and First State Investments acquired Scandlines for a total equity value of €1.7 billion from 3i and funds managed by 3i (together Eurofund V). Scandlines with its eight ferries, operates two short-distance, high-frequency ferry routes between Germany and Denmark

In March 2018, Hermes Infrastructure acquired Skypark, a landmark campus comprising six office buildings and three development sites which is home to over 4,000 employees. It is located in Glasgow’s Digital Media Quarter, Finnieston

In December 2017, Hermes Infrastructure acquired The Co-op Group’s entire share interest in the sites and buildings within their NOMA Joint Venture (JV) which was formed to bring forward new offices, homes, hotels, retail and leisure, as well as vibrant urban spaces and substantial new public realm. NOMA is Manchester’s significant urban regeneration scheme and the development project in Northwest England

In July 2016, Hermes Infrastructure acquired a 25.6% stake in Energy Assets Group on behalf of clients in consortium with investment funds managed by Alinda Capital Partners. Energy Assets is an independent provider of industrial and commercial gas metering services in the UK and a major provider of multi-utility network metering and data services. The Alinda funds acquired the remaining 74.4% stake in Energy Assets

In May 2016, Hermes Infrastructure substantially grew its stake in British utility Southern Water, buying a 17% shareholding, previously owned by Australia’s sovereign wealth fund. The acquisition took Hermes’ overall managed ownership interest to 21%. Southern Water supplies water to more than 2.4 million people in Hampshire and other English regions

Other Details

Hermes Infrastructure has raised in excess of £4 billion of capital across co-mingled funds, segregated and managed accounts. The firm has made investments across multiple sectors such as utilities, renewable energy, transport and social infrastructure in the UK, Europe, North America and selected other OECD countries as target jurisdictions. The Hermes Infrastructure team includes 15 members

Hermes GPE Infrastructure Fund II is an infrastructure value added fund managed by Hermes Infrastructure. Its infrastructure asset preferences are renewable energy and transportation. It is an infrastructure value added fund managed by Hermes Infrastructure. The fund’s size is $1.3 billion

Aggregate, Allianz Capital Partners, Barings Corporate Investors, BPEA Private Equity, Building Engines, Camber Creek, Cerba HealthCare, Channel 4 Ventures, DataPoint Ventures, GoldPoint Partners, Hermes GPE, Idinvest Partners, Magenta Partners, PAI Partners are the some of the institutional investors who invest along with Hermes

Source: Pitchbook, Company Website, Macquarie Group Limited, Global Fund Media Ltd, IPE Real Assets, 3i Group plc, Europe Real Estate, SparkSpread