Region Share Primary asset types Example projects:
United Kingdom (UK) ~65 % Mixed portfolio:
Schools (PPP),Hospitals, Water Supply (Regulated) & Rail. High Speed 1 (London Canal), Affinity Water, numerous university campuses & schools.
Europe (ex UK) ~21 % Transportation & Energy:
Focus on toll roads and tunnels with stable user numbers as well as offshore grid connections. A63 highway (France), Blankenburg Tunnel (Netherlands), Hornsea II power connection.
North America ~7 % Energy Infrastructure & Transportation:
Focus on regulated transmission grids and toll roads. Northwest Parkway (Colorado, USA), power transmission projects in Canada.
Oceania ~7 % Social infrastructure:
PPP projects in healthcare and education. Hospitals
Summary: What makes HICL an investment
CEF structure:
A publicly traded company with fixed capital stock that allows you to invest in "immovable" things like highways that you can't sell every day.
Asset mix:
A stable foundation of government-paid buildings (UK/Australia), supplemented by inflation-protected monopolies (water/electricity) and growth opportunities through transportation projects (France/USA).
Attractiveness:
You currently get a yield of over 7% with a discount of approx. 25% on the net asset value, without having to deal with foreign withholding tax.