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Portfolio

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Sector

Healthcare and Public Services

Location

UK

Entry date

December 2003

Exit date

February 2007

Fund

STAR I

Status

Realised


Overview

STAR acquired the Secondary Market Infrastructure Fund ("SMIF"), the first active secondary PFI Fund, in December 2003 from Abbey National and Babcock & Brown. At the time of acquisition, the portfolio had a net asset value of approximately £120 million and comprised of 23 underlying assets, including interests in the education, local authority and health sectors.

During STAR’s period of ownership, STAR supported SMIF in the acquisition of further interests in PFI and PPP assets from developers who were looking to release capital for re-investment in new projects. Over a three year period, SMIF built a diversified portfolio of interests in 80 projects, including the British Embassy in Berlin and the M40 motorway in the UK. In addition, SMIF established an asset management division to monitor and drive value from the underlying portfolio.

In February 2007 STAR sold SMIF to Land Securities Trillium.

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Contact

Map

Map

STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.