Infrastructure projects are financed against their own cash flows, not the balance sheet of the sponsor. Structuring that non-recourse or limited-recourse debt correctly — with the right tenor, covenants, and risk allocation — is what makes a project bankable. We arrange and advise on these facilities across sectors.
Financing against cash flows
In a true project financing, lenders look to the revenues the completed asset will generate — a toll road's traffic, a plant's offtake contract — rather than the sponsor's wider assets. Getting the risk allocation right between sponsor, lender, and contractor is the heart of the deal.
Matching tenor to asset life
Infrastructure assets last decades, and their financing should too. We arrange long-tenor institutional debt — from pension funds, insurers, and infrastructure funds — whose horizons match the asset rather than forcing early refinancing risk.
Discuss a project financing
Our institutional team advises sponsors and funds directly.