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Adviser Profile

As of Date 07/03/2024
Adviser Type - Large advisory firm
Number of Employees 43 -2.27%
of those in investment advisory functions 29 -3.33%
Registration SEC, Approved, 3/12/2012
AUM* 7,653,189,911 20.59%
of that, discretionary 7,653,189,911 20.59%
Private Fund GAV* 8,641,879,374 0.93%
Avg Account Size 263,903,100 -4.36%
SMA’s Yes
Private Funds 29 6
Contact Info 1 2 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
7B 6B 5B 4B 3B 2B 961M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count29 GAV$8,641,879,374

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Brochure Summary

Overview

The Adviser was formed in June 2009. The Adviser is wholly owned by Meridiam SAS (France). As of December 31, 2023, the Adviser had approximately $7.7 billion of regulatory assets under management, all of which are managed on a discretionary basis. The Adviser provides investment advisory services to various private funds, parallel funds and alternative investment vehicles, including (i) the Meridiam Infrastructure North America Fund II (Domestic), LP (“MNII Domestic Fund”) and Meridiam Infrastructure North America Fund II, LP (“MNII Offshore Fund” and, together with MNII Domestic Fund, “MNII Fund”), (ii) Meridiam Infrastructure North America Fund III, LP (“MNIII Offshore Fund”) and Meridiam Infrastructure North America Fund III (Domestic), LP (“MNIII Domestic Fund” and, together with MNIII Offshore Fund, “MNIII Fund”), (iii) Meridiam Infrastructure North America Fund IV, LP (“MNIV Offshore Fund”) and Meridiam Infrastructure North America Fund IV (Domestic), LP (“MNIV Domestic Fund” and, together with MNIV Offshore Fund, “MNIV Fund”) (iv) various parallel and alternative investment vehicles associated with each of MNII, MNIII and MNIV (collectively, the “Parallel, and Alternative Investment Vehicles” and, together with MNII Fund, MNIII Fund and MNIV Fund, the “Main Funds”). In addition, the Adviser advises certain co-investment vehicles, which are set up to accommodate various types of investors in the Main Funds who have expressed an interest in participating in co-investment opportunities. The Adviser generally provides such co-investment advisory services based on the Adviser’s ability to generate co-investment opportunities alongside certain investments. The co-investment vehicles advised by the Adviser are collectively referred to herein as the “Co-Investment Vehicles.” The Main Funds and the Co-Investment Vehicles are collectively referred to herein as the “Funds.” The Funds target investments in a range of infrastructure transactions with a predominant focus on primary Public-Private Partnership (“PPP”) projects in the key sectors of sustainable mobility (including roads, rails, ports, and airports), innovative low-carbon solutions (including water and waste facilities and energy efficiency projects), and critical public services (including healthcare, schools, public buildings, and digital infrastructure). The principal geographic focus of the Funds’ investments is the
United States and Canada. In general, each of the Funds has a 25-year term, and its underlying investment philosophy is to target long-term income from its investments and to target yields that represent a substantial premium over risk-free instruments and are attractive relative to the risk profile of the assets. In providing advisory services to the Funds, the Adviser directs and advises the development of the investments, makes the investment and divestment decisions, manages the Funds’ assets, and provides reports to the Funds’ investors. The Adviser also has the ability, in most cases, to influence the hiring of key individuals to run project companies. The aforementioned services are performed in accordance with the investment strategies, restrictions, risks associated with an investment and terms of the advisory agreement between each Fund and the Adviser, and the limited partnership agreements private placement memorandum (“PPM”) and other governing documents for each Fund (the “Fund Governing Documents”). The Adviser does not tailor its investment advisory services to the needs of individual investors in the Funds. However, in accordance with common industry practice, a Fund or its general partner may from time to time, enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or its general partner grants the investor specific rights, benefits or privileges that are not generally made available to all investors. The arrangements may have the effect of establishing rights under, or supplementing or modifying the terms of, the relevant Fund Governing Documents with respect to the investor and may include rights or terms necessary to address specific legal, regulatory, investment or public policy restrictions of an investor. The Funds may also enter into side letter agreements with investors that establish rights under, or alter or supplement the terms of, the relevant Fund Governing Documents in a manner that may be more favorable to such investors than those applicable to other investors. Subject to the terms of the relevant Fund Governing Documents, limited partners which have negotiated for most favored nation provisions in side letters may become beneficiaries of more favorable side letter terms granted to other investors. Such agreements may include more favorable fees, carried interest or expenses, among other provisions.