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CERES INFRASTRUCTURE PRIVATE DEBT FUND

Ceres Infrastructure Asset Management runs the leading independent private debt fund dedicated to financing the renovation of existing core infrastructure assets in the United States of America.

Ceres partners with the public and/or private sector to finance large core infrastructure projects in various sectors such as transportation (airports, toll roads, bridges, tunnels, rail, parkings, etc.), distribution (water, waste and energy pipelines/grids), utilities, construction, telecommunication (optic fiber networks), social infrastructure (student housing, etc.) and specialty infrastructure (government/military buildings, courthouses, storages).

Ceres deploys large amounts of senior debt (> US$ 500 million) over the long term (> 20 years) to single infrastructure projects.  Ceres is an alternative source of financing (to banks or muni-bonds) for municipalities/public entities, corporates and/or private equity funds to realize their asset renovation in a timely and cost-efficient manner. 

Ceres is a flexible solution (sculpts the debt amortization based on the cash flow profile of the asset to be renovated before and during operations) and matches the maturity of the loan with the duration of the concession. Ceres hereby reduces annuities hence the financial stress of the project thanks to the long-term and affordable nature of its financing, and avoids the refinancing cost/risk. Ceres’s debt does not end up on the public entity and/or the operator’s balance sheet(s) and enhances returns to shareholders of the project (private equity infrastructure funds, operators, etc.).

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Ceres does not finance the acquisition of infrastructure assets. Rather it focuses on providing the capex needed and lends directly to a project company which has the concession to renovate the asset.

Indeed asset prices are too expensive and acquisitions become risky investments due to (i) the competition from ever more numerous and large equity infrastructure funds, (ii) the lack of debt available from banks, (iii) the current high interest rates, (iv) the expensive pricing of private credit acquisition financing and (v) the limited number of core infrastructure available for sale, included for regulation reasons (regulations prevent the sale of most airports in the US).

Ceres enables municipalities/public entities or corporates to keep their assets and renovate their infrastructures. Ceres does not ask the grantor (availability based) or the operator to pay anything or take part to the financing of Ceres. Ceres, will simply carve out some of the future cash flows coming from the specific asset to amortize its loan.

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For U.S. institutional investors, Ceres offers the ability to gain direct exposure to high quality assets and visible run-off cash flows from tangible real infrastructures by investing in this fixed income defensive strategy. Ceres enables pension funds to match their assets and liabilities, get recurring attractive yields, lock current high interest rates for the long run, be uncorrelated to the market, and benefit from the best in class risk/reward ratio.

For operators, Ceres enables access to larger and more numerous projects without the burden/barrier to entry based on the operator’s balance sheet or financing ability. Ceres increases the chances of bidding success rate with pre-financed bids, accelerates the bidding process, and enables realization of backlog, while enhancing returns per project.

For private equity infrastructure funds, Ceres finances the renovation of newly acquired assets hence enabling private equity funds to acquire larger assets by avoiding them to invest the capex needed for the renovation of the asset, hereby increasing their IRR.

By helping to renovate core infrastructure assets, Ceres finances the creation of numerous jobs over the long-term. A renovated infrastructure with today’s quality standards ensures the optimized use of the asset. It also adapts infrastructures to new and evolving uses, embeds digital technology (ie. for highways: sensors for self-driving cars, traffic information, cameras, lighting, wifi, charging, etc.) while maximizes safety of both users as well as emergency first responders (firemen, policemen, etc.) and aligns it with more efficient and sustainable energy and climate targets. Municipalities also ensure they provide their taxpayers with new and cutting edge infrastructure.

Ceres is a real quantifiable socially responsible impact investing (ESG) sustainable product with long-lasting effects, which contributes to the real economy’s renovation. Ceres assists U.S. public entities in solving the infrastructure financing problem and helps offer a better service to communities, pensioners and taxpayers.

DISCLAIMER

General
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Neither Ceres Infrastructure Asset Management LLC nor any of its agents or subcontractors shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits (even if Ceres Infrastructure Asset Management LLC is advised of the possibility thereof) arising in any way from, including but not limited to, (i) any defects, viruses, or other malfunctions caused to any equipment and other software in connection with access or use of this Website, (ii) the information provided on or via this Website, (iii) the interception, modification or misuse of information transmitted to Ceres Infrastructure Asset Management LLC or transmitted to you, (iv) the functioning or non-availability of this Website, (v) the misuse of this Website, (vi) the loss of data, (vii) downloading or use of any information and/or software made available by this Website, or (viii) claims of third parties in connection with the use of this Website.
The exclusion of liability is also made for the benefit of the owner, Senior Advisors, directors and employees of Ceres Infrastructure Asset Management LLC.

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Amendments
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