Investments
Infrastructure
Allocation
10.6%
Annual return
15.28%
Exposure
$0.97 B
Benchmark
6.38%
2024 performance
Our infrastructure assets generated a return of 15.28% in 2024, compared to the benchmark of 6.38% (5-year forward inflation rate plus a 4% risk premium). Our returns were supported by steady income generation and valuation gains from operational performance across several assets, particularly our coinvestment in AMPORTS. Overall, the infrastructure portfolio continues to perform well.
Investment approach
We invest in medium and large-scale infrastructure services or businesses predominantly operating within the transportation, digital and social infrastructure, and energy and utilities sectors. We take a patient and disciplined approach to infrastructure investing and actively diversify our portfolio across industries, technologies, and geographies. We focus on investments with high barriers to entry or those supported by public regulation or substantially contracted revenue streams, which are typically protected with inflation adjustments. The portfolio consists of funds (84%) and coinvestments (16%).
Capital allocation
Total investments in infrastructure increased to $970 million at the end of 2024, up from $828 million in 2023. This represents 10.6% of total fund assets.
Our priority is to find new, high-quality infrastructure investments to maintain our asset class weighting as we unwind our contractual return agreement with OMERS Infrastructure. We agreed in early 2024 to receive 100% of our capital back in three payments over 24 months, starting at the end of Q1 2024.
Infrastructure
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Allocation
10.6%
Annual return
15.28%
Exposure
$0.97 B
Benchmark
6.38%
2024 performance
Our infrastructure assets generated a return of 15.28% in 2024, compared to the benchmark of 6.38% (5-year forward inflation rate plus a 4% risk premium). Our returns were supported by steady income generation and valuation gains from operational performance across several assets, particularly our coinvestment in AMPORTS. Overall, the infrastructure portfolio continues to perform well.
Investment approach
We invest in medium and large-scale infrastructure services or businesses predominantly operating within the transportation, digital and social infrastructure, and energy and utilities sectors. We take a patient and disciplined approach to infrastructure investing and actively diversify our portfolio across industries, technologies, and geographies. We focus on investments with high barriers to entry or those supported by public regulation or substantially contracted revenue streams, which are typically protected with inflation adjustments. The portfolio consists of funds (84%) and coinvestments (16%).
Capital allocation
Total investments in infrastructure increased to $970 million at the end of 2024, up from $828 million in 2023. This represents 10.6% of total fund assets.
Our priority is to find new, high-quality infrastructure investments to maintain our asset class weighting as we unwind our contractual return agreement with OMERS Infrastructure. We agreed in early 2024 to receive 100% of our capital back in three payments over 24 months, starting at the end of Q1 2024.