Infrastructure

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3i Infrastructure Plc

3i Infrastructure Plc manages £5.2 billion in core infrastructure assets, led by Richard Laing. Listed on LSE since 2007.

3i Infrastructure Plc

3i Infrastructure Plc was founded in 2007 as a spin-out from 3i Group, the veteran British private equity firm. The company listed on the London Stock Exchange that same year, raising £700 million in its initial public offering. Rather than managing a single-family fortune, 3i Infrastructure pools institutional and retail capital to acquire long-dated infrastructure assets. Strategy centers on core and core-plus infrastructure: energy transition assets, digital infrastructure (fibre, data centres), transportation, and regulated utilities. The portfolio includes holdings such as TCR (airport ground support equipment), Infinis (renewable energy from landfill gas), and a stake in Attero (Dutch waste-to-energy). Geographic exposure is roughly 40% UK & Europe, 35% North America, and 20% Asia-Pacific (per 3i Infrastructure Annual Report, 2025). Deal structure leans toward direct control positions, with selective minority co-investments alongside 3i Group's infrastructure team. As of March 2025, the portfolio comprises 28 assets managed by a London-based investment team of about 60 professionals. The firm maintains offices in New York, Mumbai, and Singapore. It independently raises capital through listed equity and a separate 3i Infrastructure Debt Investments platform. In January 2025, the company acquired a 100% stake in Global Cloud Infrastructure (a data centre operator) for £450 million (per 3i Infrastructure press release, January 2025). 3i Infrastructure's structural differentiator is its link to 3i Group — the investment manager, which contributes proprietary deal flow and a 30-year track record in infrastructure. The company is governed as a closed-end investment trust, distinct from typical fund structures, and pays quarterly dividends from operating cash flows.

General information

Firm type

Infrastructure Investment Company

Year founded

2007

AUM

£5.2 billion (per 3i Infrastructure Annual Report, 2025)

Location

Region

Europe

Country

United Kingdom

City

St. Helier

Corporate office

St. Helier, Jersey, United Kingdom

Additional offices

London, United Kingdom · Mumbai, India · New York, United States · Singapore

Principals

Phil White

Chairman

Richard Laing

Managing Partner and CEO of 3i Investments

Scott Moseley

Managing Partner and Head of Infrastructure at 3i Investments

Sector focus

InfrastructureEnergy Transition & RenewablesDigital InfrastructureTransportationUtilities

Frequently asked questions

Who runs investment decisions at 3i Infrastructure?

Investment decisions are managed by 3i Investments, the asset management arm of 3i Group. The infrastructure team is led by Scott Moseley (Managing Partner and Head of Infrastructure) and reports to the 3i Infrastructure plc Board, chaired by Phil White. The board oversees strategy while 3i Investments executes deals and portfolio management.

Does 3i Infrastructure invest directly in assets or through funds?

The firm invests directly in infrastructure assets — typically taking control positions. It structures investments as long-term holdings rather than fund vehicles, though it uses a listed investment trust structure for capital raising. Selective co-investments alongside 3i Group's broader infrastructure team are permitted.

What asset classes and sectors does 3i Infrastructure target?

The portfolio spans energy transition (renewables, waste-to-energy), digital infrastructure (fibre, data centres), transportation (airport ground support, rolling stock), and regulated utilities. It avoids greenfield development and early-stage projects — only operational or brownfield assets with stable cash flows. (per 3i Infrastructure Annual Report, 2025)

How is 3i Infrastructure related to 3i Group?

3i Group is the investment manager — it provides the infrastructure team and deal origination. 3i Infrastructure plc is a separately listed investment trust (LSE: 3IN) with its own independent board. 3i Group does not own 3i Infrastructure; rather, it earns a management fee and performance fee contracted from the trust.

Does 3i Infrastructure pay dividends?

Yes — the company targets a quarterly dividend, reflecting the cash-yielding nature of its assets. For fiscal year 2024–2025, it declared a total dividend of 12.95 pence per share, an increase of 6.6% year-on-year (per 3i Infrastructure Annual Report, 2025).

What is the geographic focus of 3i Infrastructure's portfolio?

Investments span Europe (primarily UK, Netherlands, France), North America, and Asia-Pacific (India, Australia). The current allocation is roughly 40% Europe, 35% North America, and 20% Asia-Pacific, with the remainder in other regions. The firm has added North American assets particularly since 2022. (per 3i Infrastructure Annual Report, 2025)

How does 3i Infrastructure source its deal flow?

Deal flow comes primarily from the 3i Group network, including direct origination from the in-house infrastructure team, relationships built over 30 years in European mid-market buyouts, and selective competitive processes. The firm also maintains formal relationships with sovereign wealth funds and pension plans for co-investment opportunities.

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