InfraRed’s initial investment was made in 2017, a few years after the Mexican power sector was opened to private investment in 2013, alongside Invex Infraestructura, a local financial investor. By capitalising on this early-mover advantage, InfraRed supported the company to secure strategically located development sites, to form strong relationships with key local partners, and to create a proprietary route-to-market for the power generated. Together with Invex Infraestructura, InfraRed established an energy commercialisation company, Ammper Energia, and secured long-term offtake contracts with commercial and industrial clients.
Jaguar Solar has provided the region with a clean source of power, and it has also contributed to local communities through the creation of jobs during the construction and operational phases, as well as with the donation of equipment to several schools.
Stephane Kofman, Head of Capital Gain Funds at InfraRed, said:
“We drew on our deep experience in renewables and greenfield development to support the successful establishment of Jaguar Solar, which was created shortly after the Mexican energy sector was opened for private investment. We worked closely with the company to navigate various regulatory challenges, and ultimately this transaction validates the fundamentals of our investment thesis.”
About InfraRed Capital Partners
InfraRed Capital Partners is an international infrastructure investment manager, with more than 180+ professionals operating worldwide from offices in London, New York, Sydney and Seoul. Over the past 25 years, InfraRed has established itself as a highly successful developer and custodian of infrastructure assets that play a vital role in supporting communities. InfraRed manages US$14bn of equity capital1 for investors around the globe, in listed and private funds across both income and capital gain strategies.
A long-term sustainability-led mindset is integral to how InfraRed operates as it aims to achieve lasting, positive impacts and deliver on its vision of Creating Better Futures. InfraRed has been a signatory of the Principles of Responsible Investment since 2011 and has achieved the highest possible PRI rating2 for its infrastructure business for seven consecutive assessments, having secured a 5-star rating for the 2021 period. It is also a member of the Net Zero Asset Manager’s Initiative and is a TCFD supporter.
InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. InfraRed represents the infrastructure equity arm of SLC Management, which also incorporates BGO, a global real estate investment management adviser, and Crescent Capital, a global alternative credit investment asset manager.
- Uses 5-year average FX as at 30th June 2023 of USD per GBP – 1.2970; USD per EUR – 1.1329. EUM is USD 13.676m
- Principles for Responsible Investment (“PRI”) ratings are based on following a set of Principles, including incorporating ESG issues into investment analysis, decision-making processes and ownership policies. More information is available at https://www.unpri.org/about-the-pri