Archived article: This article was correct at the time of publishing. Tax, investments and pension rules can change over time so the information below may not be current.

International Public Partnerships – new fund raising

International Public Partnerships (INPP) is looking to raise up to £330 million to pay down its debt facility and to help fund new investments. INPP is a London Stock Exchange-listed, closed-ended investment company that aims to provide shareholders with a predictable and attractive yield by investing internationally in mainly operational, large, public sector-backed infrastructure projects.

Louie French Louie French
26 April 2017

More about International Public Partnerships

The portfolio currently consists of 126 investments and is well-diversified across sectors. The infrastructure projects are located in the UK, Europe, Australia and North America and include schools, hospitals, courts, transport and energy transmission projects.

Some of these infrastructure projects include:

  • Thames Tideway Tunnel: the Thames Tideway Tunnel is a major addition to the London sewer network and will carry sewage and storm water discharges from the current Victorian network. This will help the environment by preventing sewage spilling into the River Thames each year
  • UK Gas Distribution Networks: INPP has recently acquired a stake in four of National Grid’s eight gas distribution networks. The four networks are essential UK infrastructure, distributing gas to approximately half of the country’s connected households. INPP believes that these networks offer attractive and predictable revenues from mature assets
  • Gold Coast Light Rail: INPP has a project stake in this public-private partnership contract with the Queensland State Government to design, build, finance, operate and maintain a light rail public transportation system aimed at significantly reducing traffic congestion.  All construction and operations risks are fully passed down and project revenues are availability based

How to take part – investing in International Public Partnerships

Infrastructure can be a great addition to a balanced portfolio and often these capital raisings are an opportunity to invest at a relatively attractive valuation.

International Public Partnerships is looking to raise up to £330 million. New shares will be issued at a price of 150p. The timetable is below:

Now – the initial placing is open

11am 4/5/2017 – offer for subscription closes

Midday 8/5/2017 – initial placing closes

11/5/2017 – Admission to trading on LSE

As 8 May is a Monday, all subscriptions will need to be made to us by Friday 5 May following the instructions below.

  • If you are a client and you would like to invest in International Public Partnerships via this fund raising, you will need to have cash in your relevant account. You can then email newsletter@bestinvest.co.uk with the amount you want to invest. There is a dealing fee of £7.50 and so the cash will need to cover this (there is no stamp duty). Please specify which account you would like to hold your investment in – whether it’s your ISA, SIPP or investment account
  • If you are not a client but would like to invest in International Public Partnerships via this fund raising, you will first need to open an account and deposit the amount you would like to invest in cash. There is a dealing fee of £7.50 and so the cash will need to cover this (there is no stamp duty). Then, please email newsletter@bestinvest.co.uk with the amount you would like to invest, specifying whether you would like to hold your investment in your ISA, SIPP or investment account

Do you have any questions?

If you would like to find out more about International Public Partnerships, please call in on 020 7189 2400, request a call back or email best@bestinvest.co.uk and a member of our team will be in touch. 

Important information

This article does not constitute personal advice. Investment trusts are similar to funds in that they provide a means of pooling your money but they are publicly listed companies whose shares are traded on the London Stock Exchange. The price of their shares will fluctuate according to investor demand and changes in the value of their underlying assets. Due to their nature, specialist funds can be subject to specific sector risks. Investors should ensure they read all relevant information in order to understand the nature of such investments and the specific risks involved.