Infrastructure · Pelham Infrastructure Fund II
Infrastructure
Long-life equity in energy transition, transport, and digital assets.
Pelham originates, finances, and operates long-life infrastructure assets across the energy transition, transport, and digital infrastructure. We commit equity alongside institutional co-investors and hold assets for the long term.
Key facts
- Fund
- Pelham Infrastructure Fund II
- Fund size
- $3.2B
- Vintage
- 2021
- Check size
- $50–500M
- Holding period
- 12–25 years
- Target IRR
- 12–15%
Sectors
- Energy transition
- Transport and logistics
- Digital infrastructure
Geography
- United States
- Canada
- United Kingdom
- European Union
Value creation playbook
Four operating levers we pull across every company in this strategy.
- 01
Bring assets to commercial operation on schedule and on budget
- 02
Refinance construction debt with long-tenor institutional debt
- 03
Build in-house asset management and reporting capability
- 04
Plan and execute controlled exit windows across vintage years
Track record
Fund vintages — illustrative
| Fund | Vintage | Size ($M) | Called ($M) | Distributed ($M) | NAV ($M) | TVPI | DPI | IRR | Status |
|---|---|---|---|---|---|---|---|---|---|
| Pelham Infrastructure Fund I | 2017 | 1,900 | 1,820 | 920 | 1,740 | 1.46× | 0.50× | 12.9% | active |
| Pelham Infrastructure Fund II | 2021 | 3,200 | 960 | 0 | 1,010 | 1.05× | 0.00× | 6.4% | active |
Figures are illustrative and not a guarantee of future results. TVPI = Total Value to Paid-In. DPI = Distributions to Paid-In. IRR = Internal Rate of Return.
Active portfolio
7 companies in this strategy
- active
Granite Peak Storage
Energy transition
Utility-scale battery storage projects in the US Southwest.
Company detail - active
Midland Pipelines Holdings
Transport and logistics
Gathering and processing infrastructure for the Western Canadian Sedimentary Basin.
Company detail - active
Harbour Fibre Networks
Digital infrastructure
Open-access fibre-to-the-premises networks in regional UK cities.
Company detail - active
Fenland Solar Portfolio
Energy transition
Operating utility-scale solar farms across eastern England.
Company detail - active
Coldchain Distribution Centers
Transport and logistics
Temperature-controlled warehousing for food and pharmaceutical customers.
Company detail - pending-exit
Westmere Wind Portfolio
Energy transition
Operating wind generation projects in the Texas Panhandle.
Company detail
Talk to the team
Working on something that fits?
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