From Project to Proposition
Preparing developers and partners on both sides of the capital gap.
The underwriting gap
Potential alone is not enough
We assess what a project needs, build the commercial and financial case, and coordinate the work required to bring it to institutional standard.
For developers, that means a structured path from a credible project to a proposition institutional capital can act on.
For partners, it means opportunities that have already been tested, structured and prepared to withstand institutional scrutiny.
OECD research points to substantial institutional appetite for infrastructure, while the World Bank continues to identify the shortage of investable, well-prepared projects as a core constraint.
Core Diligence
Four connected disciplines before capital commits
Asset Thesis
- Commercial and technological logic
- Business and ownership structure
- Sponsor strength and covenant capacity
- Platform or portfolio relevance
Evidence Architecture
- Evidence quality and stress testing
- Base case and sensitivity support
- AI-assisted evidence synthesis
- Institutional evidence sufficiency
Risk Intelligence
- Credit exposure mapping
- Counterparty dependency review
- Mitigant enforceability
- Risk sensitivities and constraints
Decision Readiness
- Non-offering committee note
- Diligence findings memorandum
- Evidence and open-items register
- Investment-committee sensitivities
Market signal
Preparation shapes bankability
“Strong project preparation is essential to ensure that infrastructure investments are delivered efficiently, attract financing and meet European standards.”
— Karl Nehammer, Vice-President, European Investment Bank
$6.9tn
The OECD estimates that around USD 6.9 trillion of sustainable infrastructure investment is required globally each year by 2030.
10%
Global Infrastructure Hub research indicates that project preparation can account for up to 10% of total project cost.
$333.9bn
Preqin reported USD 333.9 billion of dry powder across infrastructure strategies at the end of 2024. Capital exists; preparation determines whether an opportunity can compete for it.
Capital requirements
The questions capital always asks
Banks, investors and public finance institutions may have different mandates, but the core questions are remarkably consistent: what is being financed, how the structure works, where the risks sit and what supports repayment or return. We build the opportunity around those questions from the outset.