Investment Trusts
Pantheon Infrastructure is a listed investment company providing access to a diversified portfolio of private infrastructure assets. It focuses on developed-market businesses with contracted or regulated cash flows in digital infrastructure, power, utilities, renewables and transport-related sectors.
Co-investment in private infrastructure assets alongside specialist managers, including digital networks, utilities, renewable and conventional power, transport, logistics and essential-service infrastructure.
Developed infrastructure markets in North America and Europe, with portfolio exposure to assets benefiting from digitalisation, energy transition and long-term essential-service demand.
Contracted and regulated cash flows, inflation linkage, data and power demand, operating improvements, asset realisations, interest rates, NAV growth and narrowing of the discount to NAV.
Interest-rate and valuation changes, leverage at portfolio companies, illiquidity, asset concentration, regulatory and political risk, major-project execution, currency movements and a persistent discount.
January 2026 brought PINT's first major realisation: the Calpine transaction delivered US$28.5m in cash plus more than 325,000 Constellation Energy shares at a 3.0x multiple on invested capital. Half of those shares became free of lock-up in July 2026 and the remainder in July 2027, providing a visible future liquidity event.
PINT targets a progressive dividend backed by portfolio cash generation. FY2025 distributions totalled 4.346p per share; the second interim was 2.173p, ex-dividend 26 March 2026 and paid 24 April. Dividend cover for 2025 was about 1.1 times.
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