TORONTO, April 20 /CNW/ - Connor, Clark & Lunn Infrastructure and Graham
Group have launched a unique investment vehicle - Connor, Clark & Lunn GVest
Traditional Infrastructure LP - that will enable individual investors to
invest directly in basic infrastructure assets and participate in the
anticipated and necessary surge in infrastructure spending. The announcement
comes as Canada is set to make record investments in basic infrastructure such
as roads, bridges, hospitals and water treatment plants to stimulate the
"A massive amount of infrastructure spending needs to occur over the next
decade and a significant proportion of it will have to be funded by the
private sector, in part through public-private partnerships (P3)" says Matt
O'Brien, President of Connor, Clark & Lunn Infrastructure. "Spending on this
infrastructure will not only help our economy and communities, but also
provide attractive investment opportunities."
CC&L GVest Traditional Infrastructure LP brings together the asset
management capabilities and infrastructure investment expertise of CC&L
Financial Group, Canada's second largest independent asset manager, with
Graham, a leader in Canadian infrastructure construction and among the most
active players in the P3 market. Graham has participated in over 40% of
Canada's largest P3 projects over the past three years, worth in excess of $3
"Global spending on infrastructure is expected to exceed $25 trillion
over the next two decades," says Tim Heavenor, President of Gracorp Capital
Advisors, the infrastructure investment entity of Graham, Canada's 5th largest
construction company. "Canada could spend over $100 billion and still have a
long way to go."
Civil and social infrastructure assets produce stable cash flow (yield)
over long periods of time - frequently in excess of 20 years. Backed by long
term contracts with the government, their payment streams do not vary with
economic cycles or equity market returns - providing diversification,
stability and a partial hedge against inflation.
"Until now, only large institutional investors and pension plans have
been able to invest in this asset class," says O'Brien. "Other infrastructure
funds have generally only offered access to publicly traded companies with
exposure to the infrastructure space. Connor, Clark & Lunn GVest Traditional
Infrastructure LP allows smaller institutional and high net worth investors to
invest directly in the assets themselves."
"We believe investors will be attracted to the opportunity to get direct
exposure to this unique asset class," says O'Brien. "The partnership between
Graham and Connor, Clark & Lunn leverages our respective expertise for the
benefit of our investors, consistent with CC&L Financial Group's
About Connor, Clark & Lunn Infrastructure
Connor, Clark & Lunn Infrastructure invests in North American
infrastructure companies and projects with long lives, highly attractive
risk-return characteristics and the potential to generate stable cash flow.
CC&L Infrastructure is part of the Connor, Clark & Lunn Financial Group, a
multi-boutique asset management company whose affiliate investment managers
are responsible for the investment of approximately $30 billion on behalf of
institutional, private and retail clients.
As one of Canada's top five construction firms and top 50 best-managed
private companies, Graham is recognized as an industry-leading general
contractor with broad expertise in infrastructure, ranging from bridges and
roads, to water and sewage treatment plants, to schools and hospitals. Founded
in 1926, Graham operates from 14 locations across Canada and the United
States. Gracorp Capital Advisors is Graham's infrastructure investment entity.
For further information:
For further information: Matt O'Brien, President, CC&L Infrastructure,
(416) 360-7682, firstname.lastname@example.org; Tim Heavenor, President, Gracorp Capital
Advisors, (403) 570-5008, email@example.com