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Global Infrastructure Fund
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Private Markets & Real Assets
12 months

Global Infrastructure Fund

An infrastructure GP sought to repurpose legacy energy assets for the low-carbon economy, requiring a rigorous operational and financial roadmap to validate the investment thesis.

Client Background

The fund acquired a portfolio of natural gas storage and transport assets with the thesis of converting them for hydrogen and carbon capture use. However, the technical feasibility and economic viability required granular validation to secure financing and regulatory approval.

Challenge

The investment team faced skepticism from LPs about the 'green' credentials of the deal. They needed to prove that the capex plan was bankable and that the carbon reduction trajectory was science-based. Additionally, the portfolio companies lacked the data infrastructure to report on Scope 1, 2, and 3 emissions.

Solution

1Techno-economic modelling of transition scenarios
2Capex and financing strategy development
3ESG data architecture design
4Regulatory engagement strategy
5Co-investment structuring

Implementation Process

Baseline & Strategy

3 months
  • Baselined current emissions and operational performance
  • Modelled 3 transition scenarios (Retrofit, Repurpose, New Build)
  • Selected preferred technical partners
  • Defined 'Green Financing' framework

Operational Planning

5 months
  • Developed detailed engineering and capex schedules
  • Built asset-level financial models linked to carbon pricing
  • Negotiated offtake agreements for future hydrogen capacity
  • Implemented IoT sensors for real-time emissions tracking

Reporting & Fundraising

4 months
  • Produced 'Transition Prospectus' for co-investors
  • Secured independent verification of carbon reduction targets
  • Launched investor portal with live ESG KPIs
  • Closed $2B in co-investment capital

Project Outcomes

Value Creation

Validated the transition thesis and secured low-cost capital.

Cost of Capital
8.5%6.2%
+Green premium
Revenue Visibility
5 years15 years
+Contracted cash flows

Sustainability

Established market leadership in energy transition infrastructure.

SFDR Status
Article 8Article 9 aligned
+Highest ESG standard
Emissions Data
Annual estimatesReal-time actuals
+Data integrity
Blue Cedarwood helped us turn a contrarian thesis into a consensus trade. Their ability to model the intersection of engineering, finance, and carbon markets gave our LPs the conviction to back this ambitious transition plan.
Marcus Thorne/Managing Partner, Global Infrastructure Fund

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