International Public Partnerships (INPP)

International Public Partnerships (INPP) is a Guernsey‑incorporated, London Stock Exchange‑listed, closed‑ended investment company and FTSE 250 constituent focused on global public infrastructure. Established in 2006 and renamed from Babcock & Brown Public Partnerships in 2009, it invests in a diversified portfolio of over 140 infrastructure projects and businesses. The company targets stable, long‑term, inflation‑linked returns for shareholders through growing dividends and potential capital appreciation, primarily from availability‑based or regulated cash flows that are significantly government backed. INPP’s portfolio spans utility and energy transmission, gas distribution, transport, education, health, justice, wastewater, military housing, courts, police facilities and digital infrastructure. Geographically it is concentrated in the United Kingdom but also holds assets in Europe, North America, Australia and New Zealand. In the energy value chain it holds stakes in Cadent, the UK’s largest gas distribution network, and a series of offshore transmission owner (OFTO) projects that connect offshore wind farms such as East Anglia One, Lincs, Ormonde and Moray East to the onshore grid via offshore and onshore substations and extensive subsea cable systems. It is also committing significant capital to Sizewell C, a new UK nuclear power station procured under a regulated asset base model, and to additional OFTOs such as Moray West. The company is advised by Amber Fund Management Limited (Amber Infrastructure), which originates investments and provides fund and asset management through a dedicated team with local presence across INPP’s core markets. INPP applies an active asset management and capital recycling strategy, using disposals, selective reinvestment and a substantial share buyback programme to optimise portfolio performance. Responsible investment and ESG integration, including alignment with the UN Sustainable Development Goals and Article 8 classification under EU SFDR, are central to its approach.