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Ullico Infrastructure Fund

We invest in infrastructure assets principally in the United States and Canada on behalf of our institutional investors.


Ullico Infrastructure Fund1 provides institutional investors with access to core and core+ infrastructure investments that deliver long-dated, low-volatility, and inflation-linked cash flows. As an open-ended fund with no terminal date, we make long-term investments in U.S. and Canada-based infrastructure businesses that provide essential services to communities, governments, and corporations. Our dedicated team of investment professionals possesses diverse backgrounds with more than 200 years of combined infrastructure experience. Our portfolio of investments spans across the spectrum of infrastructure space, including power, utilities, energy, transportation and digital infrastructure.


Investor Commitments ²

[2] Investor commitments represent all accepted commitments from the limited partners in the Ullico Taxable and Tax-Exempt Funds (“Fund”) from inception in 2012 through March 31, 2024.


Asset Value ³

[3] Total asset value reflects the equity invested by the Fund in the underlying portfolio companies plus outstanding long-term debt as of the most recent quarterly valuation date, December 31, 2023.


Construction Jobs Created ⁴

[4] Construction jobs created are sourced from portfolio company construction reports and reflect jobs created by portfolio companies held in the Fund from inception in 2012 through March 31, 2024. Third-party maintenance union man-hours are not included.


Portfolio Investments ⁵

[5] Portfolio investments reflects the current number of portfolio company investments held by the Fund as of March 31, 2024.


Operating Assets ⁶

[6] Operating assets represent the aggregate number of physical assets owned by the portfolio companies held in the Fund as of March 31, 2024.


Institutional Investors ⁷

[7] Institutional investors represent the number of limited partners with called capital commitments as of March 31, 2024.

Success Story

Our investments aim to offer a competitive return while also creating family-sustaining union jobs. Each investment has a story.

What Sets Ullico Infrastructure Fund Apart?

  • Long Term View

    As an open-ended fund with no terminal date, we have a strategic and patient approach with our investments.

  • Strong Partnerships

    We have strong relationships with labor unions, strategic partners, top management teams and select co-investment firms that provide for unique investment opportunities and value add.

  • Disciplined Process

    We apply a thorough and rigorous due diligence process, aiming to build a diversified portfolio of businesses with longevity and high barriers to entry.

  • Responsible Asset Management

    Our unique approach to asset management reflects our long-term vision, consistently available capital, access to best-in class operating partners and a commitment to the success of the communities local to each of our investments.

  • North America Focus

    We invest principally in the U.S. and Canada, providing our investors the ability to manage geographical exposure.

  • Creative and Flexible Structures

    Our ability to participate in a variety of structures, including direct control and partial interest; operating as well as greenfield developments; equity and mezzanine debt structures; public private partnerships; and broad sub-sector reach provide significant deal flow and unique opportunities.

Meet Our Investment Professionals


View Our Portfolio

Learn more about our assets.

Explore the Portfolio Map

Responsible Investing

Responsible Investing

We contribute to the social, economic and environmental wellbeing of the communities in which we operate.

Learn More

Contact Our Sales Professionals

[1] Disclosure: The Ullico Infrastructure Tax-Exempt Fund, LP and the Ullico Infrastructure Taxable Fund, LP (together “Ullico Infrastructure Fund” or “UIF”) are Delaware limited partnerships designed to permit qualified institutional purchasers to invest in core infrastructure investments located in the United States and Canada. UIF and the units issued will not be registered under the Securities Act of 1933, as amended, the Investment Company Act of 1940, as amended, or under state securities laws. UIF is being offered and sold in reliance on the exemption from the securities registration requirements of the Securities Act set forth in Regulation D (the “Rule”). UIF will only be sold to “accredited investors” as that term is defined under the Rule. The portfolio consists primarily of private equity and debt investments in infrastructure companies located in the United States and Canada. UIF does not have a meaningful comparison because there is no benchmark available for private infrastructure investments. UIF was incepted in November 2012.  

Investment in UIF involves significant risk, including the potential risk of loss of a substantial portion (or all) of the amount invested.  Private equity and debt investments are speculative and illiquid.  Investments made in UIF may provide limited diversification, and the Fund may incur high management fees and expenses. Eligible investors should carefully read the UIF offering documents before making an investment.

Ullico Investment Advisors, Inc. (“UIA”) is a registered investment adviser with the United States Securities and Exchange Commission (“SEC”) in accordance with the Investment Advisers Act of 1940, as amended. UIA has two majority owned subsidiaries: Ullico Infrastructure Management Company, LLC and UIA Investment Management, LLC. Both are Relying Advisers in reliance upon an umbrella registration of UIA. The firm’s full list of composite and pooled fund descriptions is available upon request.  Ullico Infrastructure Fund is sold through Ullico Investment Company, LLC, a broker registered with the SEC and a member of the Financial Industry Regulatory Authority and of the Securities Investor Protection Corporation (,