Insights

The demand for infrastructure is at an all-time high. Whether it’s generating greener energy, meeting the evolving demands of society, or enhancing resource efficiency; governments, companies and societies at large recognise the need to build for the future. The demand...

Mid-market infrastructure investing has historically been overlooked. However, when delivered correctly, the resilient return profile, consistent cash yield and opportunities to create value are making the segment increasingly difficult to ignore for institutional investors across the world. The mid-market is...

2023 was an unprecedented year for Ancala. We closed two funds and deployed over €600m to grow critical infrastructure companies, a record amount for Ancala in one year. This was against the backdrop of a subdued fundraising environment, higher inflation,...

If there’s one thing investors aren’t supposed to enjoy, it’s volatility. It’s been hard to avoid in recent times and the short-term outlook doesn’t offer much comfort either. However, this market volatility has highlighted the strength of a key part...

What attracted you to Ancala? I had been working at a large investment institution with thousands of employees and was looking to work for a smaller, entrepreneurially-minded fund manager that was growing quickly. Ancala was in the process of raising...

What are the key characteristics you look for when investing? Spence said: “The key things we look for are strong infrastructure characteristics, that is downside protection, asset backing, inflation-linkage, and a cash yield. We have delivered that through all of...

How does it feel to be made a partner at Ancala? Tim: I get a real sense of pride. When I joined Ancala in 2015, we were working in a small office with only a handful of people on Gracechurch...