INVESTMENT MANAGEMENT
Are you an infrastructure investor looking for investments?
We are an innovative investment manager focused on infrastructure in emerging and mature markets. We create real value for our investors and our project partners alike.
We operate in non-regulated markets, investing in infrastructure companies and asset transactions directly, we do not establish any type of fund solution putting our investors to expense. The deals are funded by our strategic and institutional investors. They profit from our 20-year experience on M&A transactions and in the infrastructure sector.
If you are a qualified investor interested in infrastructure investments you are invited to give us a call or drop us a line at info@gtd-gmbh.com
Investment Model & Strategy Investment Risk Management
The key elements of GTD investment strategy are:
• investing in assets with a purchase price typically greater than US$100 million or other “hard” currencies;
• assets leased by a strong entity for the investment term, normally 20 years or longer. Shorter terms are possible but require a higher yield. Assets are leased under a triple net lease structure or a bareboat charter basis for shipping.
Alternatively, the assets can be operated under operations and maintenance and off-take contracts for the investment term with an agreed guaranteed floor to net income which GTD calls a “coupon”; and an agreed annual inflationary increase on coupon payments (commonly 3% per annum).
In the case of depreciating assets (e.g. plant, equipment, shipping, aircraft, power and telco assets and wiring), a conservative yield is required, marginally above property yields. GTD may be prepared to make available in advance all the capital required to permit the vendor/lessee to upgrade its equipment once or twice throughout the lease, so that the life and effectiveness of the equipment is maintained until investment/lease end.
GTD is seeking only conservatively-leased assets and is not sensitive to pricing of those assets. Market valuation is therefore normally not required prior to purchase.
GTD has no expertise in asset facility management; it therefore has no interest in this activity during the term of its investment. All maintenance issues and daily operations are managed and paid for by an asset’s tenant, lessee or charterer. Likewise daily decisions are made by those parties and not GTD, and therefore a profitable non-interference policy abides throughout the whole term.
Investment Sectors
GTD invests its own and partner equity in major assets for secure, long-term yields.
GTD´s investment strategy is principally focused on assets and infrastructure in the following key sectors:
GTD is interested in a range of real estate investments outside the residential property area.
This includes commercial and industrial buildings such as office blocks, hotels, warehouses and tourist developments. GTD also has an interest in investing in public buildings, including those owned by municipal councils. These can be as diverse as school and university buildings, student accommodation, fire and police stations, and public housing. Very large residential estates (more than 5,000 homes/apartments) are included provided a triple net lease is put into effect by an investment grade rated entity.
GTD’ acquisition philosophy for commercial property is to identify opportunities available on a wide range of different markets where economic and market conditions suggest that property is not at the time the most appropriate or attractive investment medium. We are not concerned about adverse market conditions. We also intrested in the following projects:
• Roads, Bridges
• Transmission Systems
GTD interests in shipping and marine include:
• dry bulk, container and other cargo vessels;
• oil, LNG and LPG tankers and rigs;
• ferries and cruise ships; and
• Port and related infrastructure.
GTD may be prepared to make available in advance all the capital required to permit the upgrade or replacement of vessels once or twice throughout the charter, so that the life and effectiveness is maintained until charter end.
GTD is always looking for a secure revenue base. In essence, our investment focus is on well located assets with reliable revenue and strong builders, managers and tenants. The emphasis will remain on security of yield, then capital profit. We also intrested in the following projects:
• Ports
• Airports
• Railways
• Hospitals
• Telecommunications
• Mass Housing
GTD has an investment interest in mines and mining facilities. This includes in-ground mineral resources and operating mines. The investment interest also includes mining facilities such as processing plants, trans-shipment facilities such as coal loaders, gasification plants, steel mills, smelters, oil rigs and refineries, pipelines and railway infrastructure.
The GTD’s interest also includes water management infrastructure, such as water and wastewater treatment plants, pipelines, dams and desalination plants. Waste management facilities are also of interest, including recycling facilities.
GTD interest in energy investments includes conventional and renewable power generation assets, as well as transmission facilities. GTD power plants such as coal and gas-fired plants, as well as nuclear power plants and SMR (mini-nuclear) are of interest to GTD.
• Natural Gas, LNG
• Oil
• Coal
• Nuclear Power
In the renewable energy area, GTD has an interest in power generated by wind, solar, biomass, geothermal, waste-to-energy and hydro-electric power plants.
Our investment interest extends to other public utilities and infrastructure, including water and waste management, and road and rail transport facilities.
•Wind
• Solar
• Hydro
• Biofuels
• Waste-To-Energy