Innisfree manages four long term income (LTI) funds.

LTI Funds are long term holders of investments in public private infrastructure projects. Returns to investors are principally by way of cash generated by the projects during their concession lives which are 25 years or more. Investors can exit from LTI funds through a disposal of their interests in the LTI Fund.

Fund assets are acquired at different stages of the project development; from the earliest stage when construction begins to the later stages when the project is fully operational and income producing. LTI funds do not take bidding risk.

Innisfree has current investor commitments totalling £1.7bn to its 4 LTI funds.

Summary of Innisfree’s active funds:

  • IMPPP

£225m 2004 Fund
This is a joint venture with M&G Investment Management Limited. All investments are fully operational and income producing.

  • F2C

£350m 2006 Fund
All investments are fully operational and income producing.

  • ISF

£600m 2008 Fund
89% of investments by value are now income producing.

  • ISF2

£544m 2013 Fund
ISF2 is 68% committed to projects. 90% of investments by value are now income producing.