Due to its investor-driven focus and steadfast commitment to the labor movement, The Ullico Infrastructure Fund (UIF) has secured more than $1 billion in commitments in just five years.
This remarkable feat demonstrates the intense interest by investors in addressing the nation’s crumbling infrastructure. In its 2017 report card, The American Society of Civil Engineers rated U.S. infrastructure a D+, the same grade it gave in 2013. Investors recognize that UIF is doing its part to support investment in core sectors while also creating union jobs.
They also recognize the expertise UIF brings in evaluating and managing infrastructure investments. The fund is characterized by thoughtful investments in pre-existing and new infrastructure projects across the country, with the goal of providing appropriate risk adjusted returns.
Since its inception in 2012, the fund has experienced strong growth and now has assets under management in excess of $900 million, spanning over 10 investments. UIF currently has investments in the water, waste water, electricity transmission, power generation, and transportation sectors and is exploring opportunities in all core sectors.
Recent investments include an indirect equity stake in a portfolio of four solar and wind power generation projects, with a further four projects anticipated to be added through 2020. The wind and solar farms are all contracted to sell power, capacity and renewable energy to investment-grade off-takers under long-term agreements. Once all eight projects are built out, the portfolio will have a generation capacity of 642 MWac.
UIF also recently acquired a minority stake in Student Transportation Services, a home-to-school student transportation provider, with a fleet of 13,700 vehicles in 23 states.
UIF is managed by Ullico Investment Advisors, Inc. ("UIA") and is sold through Ullico Investment Company, LLC (Member FINRA/SIPC), both subsidiaries of Ullico Inc. UIA is a registered investment adviser with the SEC under the Investment Advisers Act of 1940, as amended ("Act"). UIF will only be sold to "accredited investors" as that term is defined in Regulation D of the Securities Act of 1933. Investment in infrastructure is speculative, not suitable for all investors, and should be undertaken only by experienced and sophisticated investors who are willing to bear the high risks of such an investment, which include, but are not limited to, lack of liquidity, restrictions on transferring ownership to the Fund, absence of information regarding valuation and pricing, and high fees and expenses. Potential investors in the Fund should carefully read the Confidential Private Placement Memorandum for a description of the potential risks associated with investment in the Fund.