Bazalgette Tunnel Limited is owned by a consortium of investors that comprises Allianz, Amber Infrastructure, Dalmore Capital and DIF.
Our investors have extensive experience of investing in and managing a wide range of infrastructure assets in the UK and overseas. More than 1.7 million UK pensioners have an indirect investment in Tideway through UK pension funds managed by our investors. The consortium's backing fulfils a key component of the HM Treasury's National Infrastructure Plan, designed to finance the development of UK infrastructure with the support of highly experienced private investors.
The consortium takes its name from Sir Joseph Bazalgette, the pioneering Victorian engineer, who more than 150 years ago transformed the capital, constructing the interceptor sewers to keep sewage out of the River Thames.
Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative equity investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages more than €14 billion of alternative assets. The investment focus is on direct investments in infrastructure and renewable energy as well as private equity fund investments. ACP’s investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies.
Dalmore Capital Limited (Dalmore) is an independent fund management company focusing on opportunities for institutional investors in low volatility assets in the infrastructure sector. The firm was formed in 2009 by Michael Ryan, John McDonagh and Alistair Ray, each of whom has significant experience in making and managing UK infrastructure investments and who have worked together in previous firms for many years. The firm currently has 23 investment staff and 9 finance and support staff and the team has collective infrastructure experience of over 250 years.
Dalmore has raised and manages over £1.7 billion for institutional investors in discretionary managed funds, co-investment and single asset transactions and has made investments into over 90 UK infrastructure assets.
Dalmore raised £440m from UK pension funds and other long-term investors to bid for and invest in the Tideway project.
International Public Partnerships Ltd (INPP) and Bazalgette (Investments) Ltd are Amber Infrastructure Group (Amber)-managed entities: INPP is a London Stock Exchange FTSE250 listed infrastructure investment company and Bazalgette (Investments) Ltd is a company through which Swiss Life invests.
Amber is a leading international sponsor and manager of infrastructure focussed on long-term, lower risk, cash flow generative investments. Amber has a long standing international reputation in the origination, development and management of specialist infrastructure. With over 80 executives throughout the world, Amber has one of the strongest experienced teams of public infrastructure professionals. The Amber team is currently providing management services in respect of more than 100 infrastructure projects in eight countries.
Amber, through Amber Fund Management Limited, provides fund management services to INPP. INPP was established by the Amber team in 2006, in response to the lack of opportunity for retail investors to invest in community infrastructure projects and take advantage of the growth of the infrastructure investment market. INPP seeks to provide its shareholders with both a long-term government-backed yield and capital growth through investment across both construction and operational projects.
DIF is a leading independent fund management company, with ca. €3.1 billion under its management. Through five investment funds, DIF invests in high-quality infrastructure assets that generate long-term and stable cash-flows, including Public Private Partnership projects (PPP/PFI/P3), renewable energy projects and other core infrastructure projects in Europe, North America and Australia.
DIF has a team of over 50 professionals located across its offices in Amsterdam (Schiphol), Paris, Frankfurt, London, Madrid, Luxembourg, Toronto and Sydney, providing it with access to the growing number of investment opportunities across Europe, North America and Australia. By being located in or close to its target markets, DIF can originate and manage investments efficiently. DIF has invested in and manages more than 130 infrastructure and renewable energy projects, with a total asset value of more than €20 billion.