Finch Bay Capital

Graham B. Hill, co-founder and chief investment officer, leads portfolio construction and stock selection. Hill built his track record as a senior portfolio manager at Ninepoint Partners in Toronto, where he managed global energy and infrastructure strategies. His prior experience included roles at RBC Capital Markets and in institutional energy sales, giving him a career-long focus on publicly traded energy and infrastructure equities.

The firm applies a real-asset underwriting lens to publicly traded infrastructure securities, screening for mid-cap companies with contracted or regulated cash flows that trade at a discount to their private-market asset values. This approach relies on fundamental analysis of physical asset bases — transmission lines, pipelines, renewable generation fleets — rather than traditional equity-manager channels such as broker networks or sell-side research flow.

Finch Bay invests in listed infrastructure equities across regulated utilities, renewable power, gas infrastructure, and energy transport. Geographic coverage spans North America, Western Europe, and Australia. The strategy targets mid-cap operators — companies large enough to own diversified, contracted physical assets but small enough that they fall outside the top holdings of passive infrastructure ETFs and private-infrastructure fund mandates.

The firm's regulatory authorization with the UK Financial Conduct Authority, granted in June 2023, permits it to manage segregated institutional accounts and pooled vehicles. Specific fund structures or separate-account mandates have not been publicly announced, consistent with an early-stage manager building institutional relationships before a formal launch.

Finch Bay Capital is an independent firm and has no formal affiliation with Ninepoint Partners. Co-founder Graham B. Hill previously served as a partner and portfolio manager at Ninepoint, where he built and led their global energy and infrastructure equity platform. Finch Bay represents Hill's own venture, launched in London after his departure from the Canadian asset manager.

Finch Bay targets a structural inefficiency in listed infrastructure: mid-cap owners of real energy assets that attract limited coverage from sell-side analysts and are too small for mega-cap private infrastructure funds to acquire directly. The strategy captures a segment where public-market valuations can lag private-transaction comparables, providing an entry point that dedicated listed-infrastructure boutiques — rather than diversified equity managers — can exploit.

Finch Bay Capital LLP is authorized and regulated by the UK Financial Conduct Authority, having received its firm reference number in June 2023. This authorization permits the firm to manage investments and act as a portfolio manager for professional clients and eligible counterparties under UK securities law.