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Shares offered by the Company have not been and will not be registered under the Securities Act or with any securities regulatory authority of any State or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, US Persons (within the meaning of Regulation S under the Securities Act). The Company has not been and will not be registered as an "investment company" under the United States Investment Company Act of 1940 and investors will not be entitled to the benefits of that Act. In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of any Excluded Territories and, accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in any Excluded Territories.

Unless expressly indicated otherwise on a particular document or section of this website, the contents of this website are not a UK financial promotion and none of the contents of this website constitute an invitation or inducement to engage in investment activity. If and to the extent that this website or any of its contents are deemed to be a financial promotion, the Company is relying on the exemption provided by Article 69 of the UK Financial Services and Markets Act 2000 (Financial Promotions) Order 2005/1529 in respect of section 21 of the UK Financial Services and Markets Act 2000. In particular, any information in respect of past performance (including without limitation past performance of the Company, its group, shares in the Company and/or the Company’s portfolio) cannot be relied upon as a guide to future performance. None of the contents of this website are intended to be nor may they be considered as an investment recommendation nor personal advice.

The Company is a closed ended listed investment company which is incorporated in Guernsey and is recognised as a third country self-managed AIF in very limited EEA jurisdictions under the EU Alternative Investment Fund Managers Directive and in the UK under the UK Alternative Investment Fund Managers Regulations 2013 (SI 2013/1773). The Ordinary Shares of the Company are excluded from the UK FCA restrictions on promotion that are applicable in the UK to non-mainstream investment products, due to its current investment company structure.

Alternative Investment Fund Managers Regulations 2013 (SI 2013/1773).  The Ordinary Shares of the Company are excluded from the UK FCA restrictions on promotion that are applicable in the UK to non-mainstream investment products, due to its current investment company structure.

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The Board of Directors is committed to high standards of corporate governance and has put in place a framework for corporate governance which it believes is appropriate for an investment company that is a constituent of the FTSE 250 Share Index.

The Board is responsible to shareholders for the overall direction and oversight of the Company, for agreeing its strategy, monitoring its financial performance, and setting and monitoring its risk appetite.

The Board currently consists of eight non-executive Directors who demonstrate a breadth of investment and business experience.

The terms of reference for each of the Board's committees can be found under the directors biographies.

Board of directors

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Mike Gerrard

Chair close

Mike has over 30 years of financial and management experience in global infrastructure investment. He has held a number of senior positions, including as an assistant director of Morgan Grenfell plc, a director of HM Treasury Taskforce, deputy CEO and later CEO of Partnerships UK plc. Mike has a breadth of experience across a range of economic and social infrastructure sectors and has been involved in some of the largest infrastructure projects in the UK.

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Claire Whittet

Senior Independent Director close

A resident of Guernsey, Claire has over 40 years experience in the banking industry. In 2003, Claire joined Rothschild Bank International Limited as a Director and was latterly, Managing Director and co-Head until May 2016 when she became a Non-Executive Director of the bank. Claire was previously with Bank of Scotland and was then Global Head of Private Client Credit at Bank of Bermuda.

Claire is a Non-Executive Director on a number of listed and private equity companies none of which is a trading company. Claire is a member of the Chartered Institute of Bankers in Scotland, the Chartered Insurance Institute, and the Institute of Directors and is a Chartered Banker and holds the Institute of Directors Diploma in Company Direction.

Julia Bond

Julia Bond

Non-Executive Director close

Julia has 27 years’ experience of capital markets in the financial sector and held senior positions within Credit Suisse including Head of One Bank Delivery. She is currently a non-executive director and trustee of several governmental bodies and charities including the Supervisory and Management Board of the British Foreign and Commonwealth Office & Development Office and Strategic Command, and Senior Independent Non Executive Director of European Assets Trust.

Julia was appointed to the Board of INPP on 1 September 2017.

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Stephanie Coxon

Non-Executive Director close

Stephanie is a Fellow of the Institute of Chartered Accountants in England and Wales and is a non-executive director on several London listed companies.

Prior to becoming a non-executive director, Stephanie led the investment trust capital markets team at PwC for the UK and Channel Islands. During her time at PwC, Stephanie specialised in advising FTSE 250 and premium London listed companies on accounting, corporate governance, risk management and strategic matters.

Stephanie was appointed to the Board of INPP on 1 January 2022.

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Sally-Ann David

Non-Executive Director close

Sally-Ann David has over 34 years' experience of infrastructure projects in the energy sector, including in international offshore transmission systems and the challenges of the energy transition. Having held senior positions within the power utility arena, Sally-Ann is currently the Chief Operating Officer of Guernsey Electricity Ltd and a director of Guernsey Electricity Ltd, the Channel Islands Electricity Grid, as well as a director of several charities.

Sally-Ann was appointed to the Board of INPP on 10 January 2020.

Giles Frost

Giles Frost

Non-Executive Director close

Giles, a resident in the United Kingdom, is a founder and Director of Amber and has worked in the infrastructure investments sector for over 20 years. 

Giles is a Director of Amber Infrastructure Group Holdings Ltd, the ultimate holding company of the Investment Adviser to the Company and various of its subsidiaries.

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John Le Poidevin

Non-Executive Director close

John, a resident of Guernsey, has over 25 years of business experience. John is a Fellow of the Institute of Chartered Accountants in England and Wales and a former partner of BDO LLP, where as Head of Consumer Markets, he developed an extensive breadth of experience and knowledge across the leisure and retail sectors in the UK and overseas.

John is a non-executive on several plc boards and chairs a number of Audit Committees.

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Meriel Lenfestey

Non-Executive Director close

Meriel Lenfestey brings strategic customer-focus and digital experience from a range of organisations across the public, private and third sectors. She founded, grew and sold a London based customer experience consultancy with clients ranging from tech start-ups to global corporations and governmental digital programmes. She currently holds non-executive directorships within infrastructure businesses, an airline and a charity, and is a committee member for the Guernsey Institute of Directors. 

Meriel was appointed to the Board of INPP on 10 January 2020.

Board Committee Terms of Reference

Management Engagement Committee Terms of Reference

View 'Management Engagement Committee Terms of Reference'

Audit and Risk Committee Terms of Reference

View 'Audit and Risk Committee Terms of Reference'

Environmental, Social, Governance Committee Terms of Reference

View 'Environmental, Social, Governance Committee Terms of Reference'

Investment Committee Terms of Reference

View 'Investment Committee Terms of Reference'

Nomination & Remuneration Committee Terms of Reference

View 'Nomination & Remuneration Committee Terms of Reference' PDF

Tax Strategy

Tax Strategy              View 'Tax Strategy' PDF

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Investment Advisor

Amber Fund Management Limited, part of the Amber Group, is the Company’s Investment Adviser. It has more than 100 dedicated infrastructure specialists.

View more about our Investment Adviser

Partners

Partnerships form the bedrock of the Company’s business.

History

View the key events in the Company's history.

Find out more about our history