A case study
Through our proprietary origination channels and deep industry network, IFM was the first call from an advisor working with the equity sponsor. Fund(s) advised by IFM were able to underwrite the transaction, providing execution certainty to the Sponsor, as well as negotiate a more favorable structure and terms.
The Sponsor is one of the largest diversified alternatives managers in the world. The Portfolios are managed within an integrated infrastructure platform, which brings together the Sponsor’s substantial resources, scale and capabilities to further invest behind the energy transition.
The Portfolios include 30 assets operating across the US. The underlying projects use a variety of technologies from well-recognized equipment suppliers. The investment is underpinned by contracted offtake agreements with a mix of utility, municipal, and cooperative customers.
The investment presents attractive relative value, representing a premium of roughly 100-300 bps, when compared to relevant liquid corporate indices.
The outcome
IFM, through its strong origination channels, was able to source a proprietary transaction, and use its expertise to structure the loan with the proper risk mitigation to maintain a rating in line with the broader portfolio requirements. Additionally, as sole lender, fund(s) advised by IFM were able to drive more favorable pricing and provide positive risk-adjusted returns for investors. IFM’s efficient investment process allowed for proper due diligence and execution in a timeframe that was suitable for the Sponsor, further strengthening the relationship, and access to future transactions.
*Unless otherwise specified, all data included within this case study is sourced from IFM/the Sponsor.
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Case studies are provided for illustrative purposes only and should not be relied on to make an investment decision. This case study was chosen because it demonstrates IFM’s active approach to infrastructure investing. This material is provided for informational purposes only. This material does not constitute an offer, invitation, solicitation, or recommendation in relation to the subscription, purchase, or sale of securities in any jurisdiction and neither this material nor anything in it will form the basis of any contract or commitment. Past performance does not guarantee future results. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur. This material is confidential and should not be distributed or provided to any other person without the written consent of IFM Investors. IFM-14APR2025-4356006