CAPITAL & ASSET MANAGEMENT GROUP

Experienced Infrastructure Investment Professionals

Investment Proposition

Infrastructure real assets providing capital growth and long-term yield

To provide investors with a balance between attractive capital growth and regular long-term sustainable income in a diversified portfolio of infrastructure investments, targeting enhanced returns through a proactive management strategy that mitigates the downside and optimising the upside, across of broad range of infrastructure sectors.

Team Experience

Extensive experience of infrastructure investment

The CAMG Leadership brings over 100 years’ aggregate infrastructure experience and have a combined history of 20 years’ working together. Together we have delivered over $50bn debt and equity mandates, over 150 projects in 16 countries, spread across 4 continents. Members of the CAMG Leadership have been responsible for or played a significant role in formation, management and growth of the following infrastructure investment platforms.

John Laing Infrastructure Fund, one of Europe’s largest listed infrastructure funds;
Regenter, a primary investment vehicle in the infrastructure sector;
ABROS-Navigant, a specialist infrastructure financial advisory business; and,
CG/LA Infrastructure Inc, a global infrastructure networking platform based in Washington DC, now in its 30th year of operations.
The CAMG Leadership has assembled an additional 12 infrastructure professionals, based in London, Washington and Madrid, who have all worked with the Leadership Team in one or more of the infrastructure investment companies noted above. This adds more than 200 years’ of infrastructure experience to CAMG, with all members having delivered successful infrastructure projects from concept, through to delivery and operations, on behalf of the private and the public sector.

CAMG Principals

Combined 100 years of working together

Andrew Charlesworth

CEO & CIO

Andrew has over 20 years’ experience in project and infrastructure finance. He Led the investment advisor to John Laing infrastructure Fund (JLIF) from IPO in 2010 to a market capitalisation of £1.4bn in 2017. Prior to his role with JLIF, Andrew was a project developer with John Laing Group and Bovis Lendlease. He has advised on over 45 project finance transactions in 13 countries with a combined enterprise value in excess of £22bn.

A qualified engineer, Andrew is a founder member of CAMG LLP and has the roles of Chief Executive and Chief Investment Officer.

Away from the office, Andrew enjoys time with his family, sailing, skiing and walking. Andrew is an associate governor of an inner-city London School.

Ian Ruddock

CFO

Ian has over 25 years’ experience in project and infrastructure finance. He was Strategic Advisor to the Board of the John Laing Infrastructure Fund from 2014 to 2017. He has been at the forefront of developing and delivering project finance solutions for local and municipal government, as a founder and principal of the financial advisory boutique, ABROS, and as a Managing Director at Navigant. He has advised on over 45 project finance transactions internationally, with a combined enterprise value in excess of £15bn.

A chartered accountant with a corporate finance accreditation, Ian is a founder member of CAMG LLP and has the roles of Chief Finance and Chief Risk Officer.

Away from the office, Ian has hung-up his hockey stick and now enjoys hitting golf and tennis balls and planting trees. He is also Honorary Treasurer and Trustee of Mind, the mental health charity.

Alina Gheorghiu-Currie

Commercial Lead

Alina has over 10 years’ experience in project and infrastructure finance, initially with Navigant, specialising in UK public private partnerships, and more recently as part of the start-up team becoming the UK Green Investment Bank, the predecessor to Macquarie’s Green Investment Group. Whilst at the Green Investment Group, Alina developed new infrastructure investment models, working with public agencies, project developers, contractors and funders in developing the nascent energy efficiency market.

A certified public accountant (CIPFA), Alina is Commercial Lead for CAMG LLP.

Away from the office, Alina is a keen traveller who enjoys cooking, hiking with her family and indulging in cultural activities.

Richard Groome

Technical Director

Richard has 18 years’ experience in infrastructure. He was Regional Operations Director for John Laing plc from 2008 to 2013, responsible for the operation of 18 portfolio investments for John Laing and JLIF, delivering infrastructure assets and service.

He is a proactive board director and chair, with diverse commercial and public sector experience and significant change management and value enhancement skills and expert understanding of managing complex and technical infrastructure projects with a strong focus on risk management.

Richard is also currently Group Chair of the 30,000 Houses strong Your Housing Group (YHG), one of the largest Registered Providers in the UK. And has substantial experience as a NED and Chair in both public and private sectors, going back 20 years. He was the CEO of the Manchester Salford and Trafford NHS LIFT and a Non-Executive Director of Shropshire Health Authority for over eight years.

He is a Chartered Euro Engineer and a Fellow of the Institute of Chemical Engineers. He has served as a Trustee of the Engineers Trust Charity, Vice President of the RedR Charity and is a Past Master of the Worshipful Company of Engineers.

ALIGNMENT

We are absolutely focused on alignment to shareholders and stakeholders – creating and securing robust and sustainable solutions that protect and enhance shareholder value and returns.

“In his role in leading JLIF, Andrew and his team always sought to put shareholders’ interests as the highest priority in making investment and operational management decisions. This was demonstrated by the 10% pa average shareholder return during Andrew’s tenure”

(Paul Lester CBE – Chairman JLIF 2010 – 2017)

CAMG’s approach to alignment goes beyond beneficial and financial incentives. Investments made by us will be more robust and sustainable by aligning the interests of broader stakeholders. CAMG will focus beyond the short term, driving enduring financial benefit for investors, developing a sustainable relationship with stakeholders and building a reputation and legacy for the longstanding success of the investments.

EXPERTISE

We are an independent, proactive fund advisor, with in depth knowledge and experience – bringing a real understanding of underlying assets – of infrastructure “mechanics” from development to execution and management.

“He’s [Norman Anderson] one of the few people in this country that actually really knows and has worked with infrastructure.”

(Tony Parker – Republican National Committee Treasurer, Fox News – April 2017)

With a combined experience of over 300 years of infrastructure development and delivery, the CAMG Team bring real world experience of developing and operating infrastructure assets on the ground. We strongly believe that investment in infrastructure requires a detailed knowledge of the underlying mechanics of the projects, pro-active management and an ability to engage with stakeholders in the projects and their communities.

INTEGRITY

We respect our partners and counter-parties. We are socially responsible in the way that we do business and in the way that we approach the market, thereby creating a long-term stable investment platform.

“From my first-hand experience with Andrew, Ian and other members of the CAMG team, I know that that they act with honesty and integrity in seeking the best outcome for the projects, communities and investors, without being driven by self-interest.”

(David Toplas – Fund Manager on IIC Fund, c£120m portfolio acquired by JLIF in 2014)

The CAMG Team has come together through shared values of creating positive, sustainable improvements to society. This goes beyond a traditional investment appraisal and puts a holistic view of the social, environmental and economic impact that an infrastructure project has. Behaving with integrity and respect is a requirement and not an option. CAMG’s role is as a custodian of the infrastructure on behalf of the communities for which the infrastructure is developed and the investors that enable this investment.

CAMG is a signatory to the United Nations Principles for Responsible Investment

Access to Pipeline

Through CAMG’s innovation, extensive networks across Europe and North America, relationships and partnering activities, the team have developed:

a significant pipeline of investment opportunities of c. $2.5 billion;
$342 million of imminent opportunities, with capital deployment required in the next 12 months;
A total of $728 million of investment opportunities in exclusive or bilateral development; and
Over $700 million of off-market equity investments secured in 2016 & 2017