ASTATINE INVESTMENT PARTNERS other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm
- Related adviser


Number of Employees:

25 4.17%

of those in investment advisory functions:

17


Registration:

SEC, Approved, 11/23/2020

AUM:

920,255,116 11.32%

of that, discretionary:

582,402,965 11.81%

Private Fund GAV:

854,669,827 37.52%

Avg Account Size:

184,051,023 11.32%


SMA’s:

NO

Private Funds:

5

Contact Info

230 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
521M 446M 372M 298M 223M 149M 74M
2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Other Private Fund 5 $854,669,827

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Private Funds



Employees




Brochure Summary

Overview

Astatine is an independent investment advisory firm focused on investing in infrastructure and related assets. Astatine was founded in 2005 as Alinda Capital Partners, and was purchased in March 2022 by its current Co‐Managing Partners, Andrew Bishop and James Metcalfe. Messrs. Bishop and Metcalfe hold their interests in the firm through a holding company named Astatine Investment Partners LLC (f.k.a. Alinda Holdings Acquisition LLC). On April 13, 2022, Astatine, which was up until that date defined in its ADV Brochure as “Alinda,” announced a re‐branding of the firm to “Astatine Investment Partners” or “AIP.” The purpose of the re‐branding was to underscore the changes in the firm’s personnel and investment strategy over the previous five years. Astatine’s management put in place a new generation of professionals and continued the firm’s transition from a large‐cap, core strategy to a mid‐cap, core‐plus strategy. Certain affiliated entities of AAM were legally renamed in May 2022 and October 2022; the names of the Astatine Managed Vehicles, as the term is defined below, remain unchanged. Astatine continues to source and capitalize on attractive investment opportunities by acquiring, holding, financing and disposing of infrastructure and related investments. Astatine seeks to target investment opportunities that present appropriate risk‐reward characteristics and that are capable of providing long‐term capital appreciation and current yield. Astatine currently focuses on the digital, transportation, and utility‐related sectors, which are adjacent to core infrastructure. Astatine provides investment advisory and/or administrative services to investment vehicles sponsored by Astatine that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). These investment vehicles include the pooled investment vehicles Alinda Infrastructure Fund II, L.P., Alinda Infrastructure Fund III, L.P., Alinda Infrastructure Fund IV, L.P., ATA I, L.P. and ATA 2 L.P. (which, together with their respective parallel funds, are referred to as the “Astatine Funds”). In addition to the Astatine Funds, Astatine has established Alinda Airports UK, LP (“Alinda UK Airports”) and Eurovision Co‐Investor A, L.P. (“Eurovision”) and may, from time to time, establish additional co‐investment funds (together with Alinda UK Airports and Eurovision, each a “Co‐Investment Fund”, and the Co‐Investment Funds together with the Astatine Funds, the “Funds”) or enter into co‐investment arrangements with certain investors to facilitate co‐investments alongside the Astatine Funds. Astatine or its affiliates may provide investment advisory services to investors through Separately Managed Accounts (each, a “Separately Managed Account”) on terms and conditions agreed to pursuant to Management Agreements (as defined below) for such Separately Managed Accounts. The Funds and Separately
Managed Accounts are sometimes referred to collectively as “Astatine Managed Vehicles”. Astatine formulates the investment objectives of each Fund, directs and manages the investment and reinvestment of each Fund’s assets, and provides periodic reports to the limited partners or other investors in each Fund (each, a “Limited Partner” or “Investor”). Astatine originates and recommends investment opportunities for the Astatine Managed Vehicles, identifies sources of capital for, structures, monitors and evaluates portfolio investments, recommends the manner and timing of dispositions of portfolio investments and provides such other services related thereto. Specifically, Astatine generally renders the following services in connection with the Astatine Managed Vehicles’ investment programs:  analyzing and investigating potential portfolio companies, including their businesses and operations;  analyzing and investigating potential divestitures of portfolio companies, including identification of potential acquirers and evaluation of offers made by such potential acquirers;  structuring acquisitions and dispositions of portfolio investments;  identifying and arranging sources of capital and other financing for portfolio investments and portfolio companies;  supervising the preparation and review of all documents required in connection with the acquisition, disposition or financing of each portfolio investment; and  monitoring the performance of portfolio companies and, where appropriate, providing advice to the management of the portfolio companies during the life of a portfolio investment. Investment advice generally is provided to each Astatine Managed Vehicle pursuant to separate investment management agreements (each, a “Management Agreement”). The terms of the services to be provided are set forth in the respective Astatine Managed Vehicle’s Management Agreement. Investment advice is provided by the applicable Astatine Adviser directly to the relevant Astatine Managed Vehicle and not individually to the Limited Partners thereof, subject to the direction and control of the applicable general partner or other governing entity of the Astatine Managed Vehicle (the “General Partner”). The governing documents of a given Astatine Managed Vehicle may establish restrictions on investments in certain types of securities. Any such restrictions are set forth in the governing documents of such Astatine Managed Vehicle, and such governing documents are provided to each applicable Investor prior to investment. The Funds were organized to make debt and equity investments in infrastructure assets and businesses located primarily in OECD countries, especially in North America and Europe. Separately Managed Accounts may also make debt and equity investments in assets and businesses globally and may invest alongside the Funds in one or more portfolio investments. As of December 31, 2022, AAM managed $826,660,772, of which $520,904,768 was managed on a discretionary basis.