Astris Finance works with end investors interested in taking an exposure in Astris core areas of expertise: Emerging Markets infrastructure and renewable energy projects. We help our investor clients source, manage and exit investments.Our work typically entails the following elements :

Definition of Investment Strategy - We help our client investors define their investment appetite in terms of sector (diversified, regional or country-specific) and type of risk (regulated infrastructure vs. market risk, greenfield vs. brownfield, industrial sector concentration).

Asset Sourcing. [or “Sourcing the Position”] We help our client investors identify assets within the strategy that present superior risk/return characteristics. We do this through our network of project sponsors and developers. Often, we are able to source assets upstream in the project development cycle. This allows us to pick the point at which the equity position is entered into (development stage, structuring stage, construction stage, operation stage), so as to fit our client’s appetite for or aversion to development risk.

Asset Acquisition. We provide the full range of acquisition services, including asset valuation, due diligence, assistance in bidding, negotiation, acquisition leveraging, and closing. The positions we help our clients take are typically minority stakes (but with significant control rights) alongside a well-established industrial operator responsible for operational management.

Asset Management. We assist our clients in the active management of their equity positions. This includes the supervision of operations through attendance of board meetings and supervisory committees; maintaining a fluid dialogue with the asset operator, notably with a view to ensuring the operational optimization of the asset; and defining and executing financial optimization strategies, for instance through active debt management and refinancings.

Asset Divestment. Finally, we help our clients define and execute exit strategies, reconciling liquidation timing goals with total return objectives. These strategies vary vastly from one asset to the next and depend inter alia on the position of our client’s stake within the overall asset shareholding structure, the real environment of the asset, as well as the development of equity markets in the country or region where the asset is located. Typically, the exit strategy is defined at inception, i.e. before the position is entered into. This initial strategy gets refined over time as the real and financial environments evolve and as the target exit date nears.

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