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 public and/or private sector/operators 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 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 and corporates to realize their asset renovation in a time 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) and matches the maturity of the loan with the duration of the concession. Ceres hereby reduces the financial stress of the project and to the owners of the asset thanks to the long term and affordable nature of its financing (reducing annuities), avoids the refinancing cost/risk, prevents the debt to end up on the public entity and for the operator’s balance sheets and enhances returns to shareholders of the project (private equity infrastructure funds, operators, etc.) .
Ceres does not acquire infrastructure assets, it focuses on the capex needs and lends directly to a project company which has the concession to renovate the asset.
Ceres enables municipalities/public entities or corporates to keep their assets and renovate its/their own or a third party infrastructure. Ceres does not ask the grantor of the operator to pay anything or take part to the financing Ceres, will simply carve out some of the future cash flows coming from such specific asset to repay its loan.
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 assets by investing in this fixed income defensive asset class. Ceres enables pension funds to match their assets and liabilities, get recurring attractive yields in a current low yield environment uncorrelated to the market to offer the best in class risk/rewards ratio.
For operators, Ceres enables access to larger and more numerous projects without the burden/barrier to entry/restriction based on the operator’s balance sheet or financing, 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 will finance the renovation/capex of newly acquired assets hence enabling private equity funds to acquire larger assets, avoid them to finance the renovation and increase their IRR.
By helping to renovate core and infrastructure assets, Ceres finances the creation of numerous employments over the long term. A renovated infrastructure with today’s quality standards ensures the most optimized use of the asset with embedded technology (sensors for self-driving cars, traffic information, etc.) while maximizes safety of users as well as emergency first responders (firemen, policemen, etc.). Municipalities also ensure they provide their taxpayers with new infrastructure.
Ceres is a real quantifiable socially responsible impact investing (ESG) product with long-lasting effects, and 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, pensioneers and taxpayers.