The portfolio comprises operational education sites across London, serving thousands of students through modern secondary, special educational needs, and further education facilities, delivered as part of the Building Schools for the Future (‘BSF’) programme. The assets provide essential social infrastructure under long-term, availability-based concession agreements. Through its specialist asset management capabilities, InfraRed will seek to enhance operational performance and preserve asset quality across the life of each concession through to handback.
The acquisition increases the SMA’s exposure to high-quality, mid-market UK social infrastructure assets, building on its existing portfolio.
Sean Watson, Partner at InfraRed, said on behalf of the SMA: “This acquisition reflects our shared conviction in the long-term value of essential social infrastructure assets and InfraRed’s ability to source and actively manage investments in sectors that require specialist expertise. The portfolio consists of well-established education facilities that play an important role in their local communities, providing critical services and supporting positive social outcomes.”
The SMA was established to strengthen ABP’s exposure to resilient core infrastructure assets and increase its allocation to social infrastructure. InfraRed has a longstanding track record of investing in and actively managing social infrastructure assets across the UK and Europe.
ENDS
Notes to Editors
About InfraRed Capital Partners (“InfraRed”)
InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.
InfraRed manages US$13bn of equity capital [1] for investors around the globe in listed and private funds, spanning core to value-add strategies.
InfraRed combines a global reach, operating worldwide from offices in London, Frankfurt, Madrid, Miami, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.
InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.
For more information, please visit www.ircp.com.
[1] Uses a 5-year average FX between currency pairs as at 31 December 2025: USD per GBP – 1.2900; USD per EUR – 1.1125. EUM of USD 13.3bn.
About APG
As the largest pension services provider in the Netherlands APG manages approximately €639 billion (June 2026) in pension assets for 4.7 million participants. APG provides executive consultancy, asset management, pension administration and pension communication. With approximately 3,700 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, and Singapore. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects.
