PF Archive

Laing fund undercuts HICL, INPP and 3i fees

01 11 2010

John Laing Infrastructure Fund has launched its placing and offer for subscription for its IPO and expects admission on the London Stock Exchange in late November 2010. The listed fund will compete directly in the UK-listed infrastructure space with HSBC Infrastructure Company and ex-Babcock fund International Public Partnerships. John Laing Capital Management (JLCM) will manage the fund and receive 1.1% of the portfolio value as a base fee up to £500 million, 1% to £1 billion and 0.9% over £1 billion. JLCM will also receive a 0.75% origination fee for investments sourced outside of John Laing. These fees compare favorably - from an investor’s perspective - with HICL, INPP and 3i Infrastructure. HICL’s manager...