ARA INFRASTRUCTURE

ARA Infrastructure was established in 2018 in response to strong investor demand for infrastructure investment. The team aims to take advantage of the rising opportunities in global infrastructure investing, particularly in the rapidly growing Asian market.

ARA Infrastructure comprises experienced infrastructure investment professionals with a strong track record of originating, acquiring and managing infrastructure assets globally, including in Asia. The team is well-supported by ARA’s well-established private funds management platform and the global infrastructure expertise of CK Infrastructure Holdings Limited.

>US$15B

in global investments executed by the team

62 cities

in 20 countries

>75 years

of combined track record

Our Team

Mr Grant Dooley is Chief Executive Officer of ARA Infrastructure and is based in Singapore.

Prior to joining ARA, Mr Dooley spent six years at Hastings Funds Management (“Hastings”), where he was responsible for leading Hastings’ operations in Asia, with a specific focus on business development, institutional relationship building and fundraising activities in the Asian market.

At Hastings, Mr Dooley led a team that successfully raised approximately US$1.1 billion from Asian institutional investors and was also instrumental in forging Hastings’ investment partnership with the China Merchants Group, leading to the successful joint acquisition of the Port of Newcastle in 2014. Mr Dooley was also instrumental in securing other sources of Asian partner capital for various Hastings’ lead transactions, including Transgrid and UK National Grid.

Prior to joining Hastings, Mr Dooley had a successful career as one of Australia’s senior diplomats and trade officials in Asia, including serving as Australia’s Consul-General in Guangzhou and stints in Australian diplomatic missions in Jakarta, Shanghai, Beijing and Hong Kong.

Mr Frederic Devos is Head of Infrastructure Asset Management of ARA Infrastructure and is responsible for developing and implementing the asset management strategy for acquired infrastructure assets.

Mr Devos has over 25 years of experience in acquiring, managing and delivering outperformance in global infrastructure assets. Prior to joining ARA Infrastructure, Mr Devos was CEO of Asian Power Development Partners, an independent power producer developing utility scale projects across Southeast Asia. Prior to that, he was Global Head of Portfolio Management for Macquarie Capital, where he had direct oversight of its US$2.2 billion global investment portfolio. In this role, he led a significant review and the subsequent restructuring of Macquarie Capital’s global portfolio, resulting in asset outperformance.

Prior to Macquarie Capital, he was with CVC Capital Partners, Marly Partners and held various senior positions at Veolia, including CEO of Veolia Water UK, Ireland and Northern Europe.

Mr Kanishk Bhatia is Head of Infrastructure Investments, Asia, of ARA Infrastructure, responsible for origination, execution and management of infrastructure investments across Asia. Mr Bhatia also serves on the investment committee of ARA Infrastructure.

Mr Bhatia has almost 15 years of global infrastructure funds and private equity experience. Prior to joining ARA, Mr Bhatia was with Hastings Funds Management (“Hastings”), a leading infrastructure investment manager, for over 11 years. At Hastings, Mr Bhatia held various senior roles including Investment Director, Head of Asia Investments and Head of India and worked in London, Mumbai, Singapore and Sydney. In these roles, he developed extensive infrastructure investment and asset management experience across different markets and sub-sectors including energy, utilities and transport.

In particular, Mr Bhatia led a number of Hastings’ acquisitions and divestments including Phoenix Natural Gas, South East Water and HOCHTIEF airports (Hamburg, Dusseldorf, Athens and Sydney). Prior to Hastings, Mr Bhatia was a management consultant at L.E.K. Consulting in Chicago and London, advising private equity clients investing in various industry sectors including energy and transport.

Mr Shamik Chatterjee is Manager, Infrastructure Investments, Asia, of ARA Infrastructure and is based in Singapore. Mr Chatterjee is a key member of the infrastructure investments team tasked with originating and executing investment transactions across Asia.

Mr Chatterjee has over 10 years of experience evaluating, conducting due diligence and acquiring assets in Asia. Prior to joining ARA Infrastructure, Mr Chatterjee was Lead for ASEAN Investment Origination at ASMA Capital Partners, where he led several successful infrastructure acquisitions in the Middle East. Prior to this, he was a key member of Kotak Mahindra Asset Management Company’s Core Infrastructure India Fund, a joint investment vehicle between Brookfield and SMBC targeting investments in India’s transportation, water, waste management and gas sectors. In this role, he was directly involved in several successful renewable energy transactions and was a core member of the transaction team in Brookfield’s US$300 million buyout of Indian toll roads.

Mr Lim Kong Puay is Senior Advisor, Power, of ARA Infrastructure. Until recently, Mr Lim Kong Puay was President and Chief Executive Officer of Tuas Power Ltd, a position he held since 2004. During his tenure, he successfully led the generation team to overcome challenges arising from Singapore’s move to liberalise its electricity market. He also oversaw the integration of Tuas Power’s core businesses, leading to enhanced efficiencies among its business units.

Under Mr Lim’s stewardship, Tuas Power also expanded its business beyond the core areas of electricity generation, trading and retail into new areas such as steam, cooling water and oil tankage services to industrial customers. This included the development of the Tembusu Multi-Utilities Complex which supplies steam, industrial and demineralised water to petrochemical companies in Tembusu, Jurong Island.

Mr Robert Campbell is a Senior Advisor, ESG, of ARA Infrastructure. He also chairs the Active-ESG Committee, which is mandated to actively identify and assess all ESG and sustainability risks and opportunities throughout the investment lifecycle from origination, due diligence and post investment to pre-exit.

Mr Campbell is currently a senior consultant on Asian infrastructure investment issues, with a particular focus on the transport sector. Prior to this, he was Director, Asia, at Hastings Funds Management (“Hastings”), where he was responsible for growing the firm’s existing business relationships in China and broadening the firm’s footprint in Asia.

Prior to Hastings, he was a Senior Expert at McKinsey & Co for 12 years and advised clients on government strategy and regulatory issues, finance and investment strategies, project planning and delivery, performance improvement in existing assets and risk management.

Mr Andrew Day is Senior Advisor, Telecommunications, of ARA Infrastructure. He was CEO of former leading global infrastructure funds manager, Hastings Funds Management (“Hastings”), where he was responsible for its strategic direction and management. Mr Day is also a member of the Infrastructure Partnership Australia Advisory Board.

Mr Day has extensive experience in the telecommunications sector. Prior to Hastings, his stints included CEO of investment company Eircom Holdings, where he managed the Irish telecommunications and Israeli directories businesses, CEO of Truvo, a European-based directories and search company and CEO of Sensis, Australia’s largest advertising and search business, and a 100% owned subsidiary of Telstra. Prior to these positions, Mr Day held various senior management roles at Telstra.

Mr Duncan Macrae is Senior Advisor, Utilities of ARA Infrastructure. He is Head of International Business at CK Infrastructure Holdings Limited (“CK Infrastructure”). He joined CK Infrastructure in 2011 and has over 24 years of experience in infrastructure investment. Prior to joining CK Infrastructure, he was Regional Head of Infrastructure Group at Abu Dhabi Investment Authority from 2008 to 2011 and Associate Director at Macquarie Group from 2005 to 2007.

Mr Macrae is a also a Director at Northern Gas Networks Ltd, Wellington Electricity Distribution Network Ltd, Northumbrian Water Group Ltd and Wales & West Utilities Ltd.

Mr Chiu Yue Seng is Senior Advisor, Financial Markets of ARA Infrastructure. He is Head of Corporate Finance at CK Infrastructure Holdings Limited (“CK Infrastructure”).

Mr Chiu has over 17 years of experience in investment banking and finance. Prior to joining CK Infrastructure, Mr Chiu was Managing Director of HSBC Hong Kong from 2012 to 2016, heading its Hong Kong business under the global banking division. Prior to that, he was Director of Asia at Bank of America Merrill Lynch for more than nine years and advised clients on over US$21 billion of public and private corporate finance transactions in the real estate, consumer retail, manufacturing, telecommunication, infrastructure/ logistics and financial institutional sectors.

Ms Hazel Chew is Chief Financial Officer of ARA Private Funds, responsible for the financial, treasury and tax functions of all the private funds managed by the Group.

Ms Chew has close to 30 years of financial management experience in the real estate industry. Prior to this, she was CFO Asia of Lend Lease Group from 2012 to 2015, where she oversaw the finance, treasury and tax functions, as well as provided financial oversight to the various funds which Lend Lease manages in Asia.

Ms Chew also held senior positions in several real estate companies including 17 years with CapitaLand Group. Her appointments in CapitaLand included the posts of CFO cum Joint Company Secretary of The Ascott Group Limited from 2005 to 2008, Senior Vice President (Finance & Corporate Services) of CapitaLand Commercial Ltd from 2008 to 2010 and Financial Controller of CapitaMalls Asia Ltd from 2010 to 2011. During her career, Ms Chew has been actively involved in project feasibility studies, acquisitions and divestments, mergers and restructurings, formation and listing of REITs, setting up of property funds, as well as equity and debt fund raisings. She has also implemented various accounting and consolidation systems and instituted internal control systems across multi-country operations.

Mr Mark Hwang is Head of Legal and Compliance of ARA Private Funds and is responsible for all legal and compliance matters relating to ARA’s private funds business.

Prior to joining ARA, Mr Hwang was Director of Legal and Business Development for a private investment company where he supervised and managed the legal affairs for a wide range of listed and unlisted businesses across Asia Pacific, including real estate, financial services, hospitality, resources and commodities, chemicals, retail, FMCG, automotive parts and tires.

Prior to that, Mr Hwang was an Executive Director in the real estate investment banking business of Morgan Stanley, where he built the bank’s first dedicated real estate coverage team for Southeast Asia.

Prior to Morgan Stanley, Mr Hwang practiced as a capital markets and corporate lawyer with Allen & Gledhill in Singapore and Paul Hastings in Hong Kong. In those roles, he helped to establish the REIT industry in both markets and was deeply involved in the majority of the first initial public offerings and follow on fund raisings by REITs in Singapore and Hong Kong.

Dr Chua Yang Liang is Head of Research & Strategy of ARA Private Funds where he is responsible for monitoring, evaluating and forecasting the macroeconomic environment as well as real estate markets in Asia Pacific. Through his analysis of the macro and micro market trends, Dr Chua provides ARA’s senior professionals with market intelligence to support their decision-making in investment, asset and portfolio management, and business initiatives across Asia Pacific. Dr Chua also serves on the investment committee of APF.

Prior to joining ARA, Dr Chua led the Southeast Asia research teams at Jones Lang LaSalle for over 11 years. His responsibilities included forecasting property markets, conducting market and development advisory, and providing commentaries to clients and the media on matters relating to property and urban policy issues. Dr Chua began his career in physical and strategic planning at the Urban Redevelopment Authority in Singapore.

Mr Grant Dooley is Chief Executive Officer of ARA Infrastructure and is based in Singapore.

Prior to joining ARA, Mr Dooley spent six years at Hastings Funds Management (“Hastings”), where he was responsible for leading Hastings’ operations in Asia, with a specific focus on business development, institutional relationship building and fundraising activities in the Asian market.

At Hastings, Mr Dooley led a team that successfully raised approximately US$1.1 billion from Asian institutional investors and was also instrumental in forging Hastings’ investment partnership with the China Merchants Group, leading to the successful joint acquisition of the Port of Newcastle in 2014. Mr Dooley was also instrumental in securing other sources of Asian partner capital for various Hastings’ lead transactions, including Transgrid and UK National Grid.

Prior to joining Hastings, Mr Dooley had a successful career as one of Australia’s senior diplomats and trade officials in Asia, including serving as Australia’s Consul-General in Guangzhou and stints in Australian diplomatic missions in Jakarta, Shanghai, Beijing and Hong Kong.

Mr Frederic Devos is Head of Infrastructure Asset Management of ARA Infrastructure and is responsible for developing and implementing the asset management strategy for acquired infrastructure assets.

Mr Devos has over 25 years of experience in acquiring, managing and delivering outperformance in global infrastructure assets. Prior to joining ARA Infrastructure, Mr Devos was CEO of Asian Power Development Partners, an independent power producer developing utility scale projects across Southeast Asia. Prior to that, he was Global Head of Portfolio Management for Macquarie Capital, where he had direct oversight of its US$2.2 billion global investment portfolio. In this role, he led a significant review and the subsequent restructuring of Macquarie Capital’s global portfolio, resulting in asset outperformance.

Prior to Macquarie Capital, he was with CVC Capital Partners, Marly Partners and held various senior positions at Veolia, including CEO of Veolia Water UK, Ireland and Northern Europe.

Mr Kanishk Bhatia is Head of Infrastructure Investments, Asia, of ARA Infrastructure, responsible for origination, execution and management of infrastructure investments across Asia. Mr Bhatia also serves on the investment committee of ARA Infrastructure.

Mr Bhatia has almost 15 years of global infrastructure funds and private equity experience. Prior to joining ARA, Mr Bhatia was with Hastings Funds Management (“Hastings”), a leading infrastructure investment manager, for over 11 years. At Hastings, Mr Bhatia held various senior roles including Investment Director, Head of Asia Investments and Head of India and worked in London, Mumbai, Singapore and Sydney. In these roles, he developed extensive infrastructure investment and asset management experience across different markets and sub-sectors including energy, utilities and transport.

In particular, Mr Bhatia led a number of Hastings’ acquisitions and divestments including Phoenix Natural Gas, South East Water and HOCHTIEF airports (Hamburg, Dusseldorf, Athens and Sydney). Prior to Hastings, Mr Bhatia was a management consultant at L.E.K. Consulting in Chicago and London, advising private equity clients investing in various industry sectors including energy and transport.

Mr Shamik Chatterjee is Manager, Infrastructure Investments, Asia, of ARA Infrastructure and is based in Singapore. Mr Chatterjee is a key member of the infrastructure investments team tasked with originating and executing investment transactions across Asia.

Mr Chatterjee has over 10 years of experience evaluating, conducting due diligence and acquiring assets in Asia. Prior to joining ARA Infrastructure, Mr Chatterjee was Lead for ASEAN Investment Origination at ASMA Capital Partners, where he led several successful infrastructure acquisitions in the Middle East. Prior to this, he was a key member of Kotak Mahindra Asset Management Company’s Core Infrastructure India Fund, a joint investment vehicle between Brookfield and SMBC targeting investments in India’s transportation, water, waste management and gas sectors. In this role, he was directly involved in several successful renewable energy transactions and was a core member of the transaction team in Brookfield’s US$300 million buyout of Indian toll roads.

Mr Lim Kong Puay is Senior Advisor, Power, of ARA Infrastructure. Until recently, Mr Lim Kong Puay was President and Chief Executive Officer of Tuas Power Ltd, a position he held since 2004. During his tenure, he successfully led the generation team to overcome challenges arising from Singapore’s move to liberalise its electricity market. He also oversaw the integration of Tuas Power’s core businesses, leading to enhanced efficiencies among its business units.

Under Mr Lim’s stewardship, Tuas Power also expanded its business beyond the core areas of electricity generation, trading and retail into new areas such as steam, cooling water and oil tankage services to industrial customers. This included the development of the Tembusu Multi-Utilities Complex which supplies steam, industrial and demineralised water to petrochemical companies in Tembusu, Jurong Island.

Mr Robert Campbell is a Senior Advisor, ESG, of ARA Infrastructure. He also chairs the Active-ESG Committee, which is mandated to actively identify and assess all ESG and sustainability risks and opportunities throughout the investment lifecycle from origination, due diligence and post investment to pre-exit.

Mr Campbell is currently a senior consultant on Asian infrastructure investment issues, with a particular focus on the transport sector. Prior to this, he was Director, Asia, at Hastings Funds Management (“Hastings”), where he was responsible for growing the firm’s existing business relationships in China and broadening the firm’s footprint in Asia.

Prior to Hastings, he was a Senior Expert at McKinsey & Co for 12 years and advised clients on government strategy and regulatory issues, finance and investment strategies, project planning and delivery, performance improvement in existing assets and risk management.

Mr Andrew Day is Senior Advisor, Telecommunications, of ARA Infrastructure. He was CEO of former leading global infrastructure funds manager, Hastings Funds Management (“Hastings”), where he was responsible for its strategic direction and management. Mr Day is also a member of the Infrastructure Partnership Australia Advisory Board.

Mr Day has extensive experience in the telecommunications sector. Prior to Hastings, his stints included CEO of investment company Eircom Holdings, where he managed the Irish telecommunications and Israeli directories businesses, CEO of Truvo, a European-based directories and search company and CEO of Sensis, Australia’s largest advertising and search business, and a 100% owned subsidiary of Telstra. Prior to these positions, Mr Day held various senior management roles at Telstra.

Mr Duncan Macrae is Senior Advisor, Utilities of ARA Infrastructure. He is Head of International Business at CK Infrastructure Holdings Limited (“CK Infrastructure”). He joined CK Infrastructure in 2011 and has over 24 years of experience in infrastructure investment. Prior to joining CK Infrastructure, he was Regional Head of Infrastructure Group at Abu Dhabi Investment Authority from 2008 to 2011 and Associate Director at Macquarie Group from 2005 to 2007.

Mr Macrae is a also a Director at Northern Gas Networks Ltd, Wellington Electricity Distribution Network Ltd, Northumbrian Water Group Ltd and Wales & West Utilities Ltd.

Mr Chiu Yue Seng is Senior Advisor, Financial Markets of ARA Infrastructure. He is Head of Corporate Finance at CK Infrastructure Holdings Limited (“CK Infrastructure”).

Mr Chiu has over 17 years of experience in investment banking and finance. Prior to joining CK Infrastructure, Mr Chiu was Managing Director of HSBC Hong Kong from 2012 to 2016, heading its Hong Kong business under the global banking division. Prior to that, he was Director of Asia at Bank of America Merrill Lynch for more than nine years and advised clients on over US$21 billion of public and private corporate finance transactions in the real estate, consumer retail, manufacturing, telecommunication, infrastructure/ logistics and financial institutional sectors.

Ms Hazel Chew is Chief Financial Officer of ARA Private Funds, responsible for the financial, treasury and tax functions of all the private funds managed by the Group.

Ms Chew has close to 30 years of financial management experience in the real estate industry. Prior to this, she was CFO Asia of Lend Lease Group from 2012 to 2015, where she oversaw the finance, treasury and tax functions, as well as provided financial oversight to the various funds which Lend Lease manages in Asia.

Ms Chew also held senior positions in several real estate companies including 17 years with CapitaLand Group. Her appointments in CapitaLand included the posts of CFO cum Joint Company Secretary of The Ascott Group Limited from 2005 to 2008, Senior Vice President (Finance & Corporate Services) of CapitaLand Commercial Ltd from 2008 to 2010 and Financial Controller of CapitaMalls Asia Ltd from 2010 to 2011. During her career, Ms Chew has been actively involved in project feasibility studies, acquisitions and divestments, mergers and restructurings, formation and listing of REITs, setting up of property funds, as well as equity and debt fund raisings. She has also implemented various accounting and consolidation systems and instituted internal control systems across multi-country operations.

Mr Mark Hwang is Head of Legal and Compliance of ARA Private Funds and is responsible for all legal and compliance matters relating to ARA’s private funds business.

Prior to joining ARA, Mr Hwang was Director of Legal and Business Development for a private investment company where he supervised and managed the legal affairs for a wide range of listed and unlisted businesses across Asia Pacific, including real estate, financial services, hospitality, resources and commodities, chemicals, retail, FMCG, automotive parts and tires.

Prior to that, Mr Hwang was an Executive Director in the real estate investment banking business of Morgan Stanley, where he built the bank’s first dedicated real estate coverage team for Southeast Asia.

Prior to Morgan Stanley, Mr Hwang practiced as a capital markets and corporate lawyer with Allen & Gledhill in Singapore and Paul Hastings in Hong Kong. In those roles, he helped to establish the REIT industry in both markets and was deeply involved in the majority of the first initial public offerings and follow on fund raisings by REITs in Singapore and Hong Kong.

Dr Chua Yang Liang is Head of Research & Strategy of ARA Private Funds where he is responsible for monitoring, evaluating and forecasting the macroeconomic environment as well as real estate markets in Asia Pacific. Through his analysis of the macro and micro market trends, Dr Chua provides ARA’s senior professionals with market intelligence to support their decision-making in investment, asset and portfolio management, and business initiatives across Asia Pacific. Dr Chua also serves on the investment committee of APF.

Prior to joining ARA, Dr Chua led the Southeast Asia research teams at Jones Lang LaSalle for over 11 years. His responsibilities included forecasting property markets, conducting market and development advisory, and providing commentaries to clients and the media on matters relating to property and urban policy issues. Dr Chua began his career in physical and strategic planning at the Urban Redevelopment Authority in Singapore.

Our Strategic Partners

ARA Infrastructure is strongly supported by a stellar group of global strategic partners committed to helping the business achieve its global infrastructure investing and asset management objectives. These partners are recognised global leaders in funds management, infrastructure investing, private equity, diversified investment and aviation transport.

OUR INVESTMENT APPROACH

ARA Infrastructure offers investors exposure to a diversified, high-quality global infrastructure assets portfolio providing attractive risk-adjusted returns. It will invest in infrastructure businesses that deliver essential services, have significant barriers to entry and provide strong, reliable cash flows. The essential, long-life nature of infrastructure assets provides relatively stable returns and protection from market cycles.

Our investment strategy involves making influential equity investments in medium-sized infrastructure assets, companies or platforms with scope for significant operational improvements, growth and/or value-creation.

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OUR STRATEGY

ORIGINATION

  • Investment team possesses a proven ability to source exclusive bilateral deals
  • Established local relationships and networks across Europe and Asia - industry, government and advisors
  • Ability to leverage ARA Group and shareholders' vast on-the-ground networks and industry contacts in target markets

ASSETS

  • Medium-sized infrastructure businesses
  • Influential equity stakes to drive growth and value-addition
  • Target sectors include energy, utilities, transport and communications infrastructure

GEOGRAPHIES

  • Infrastructure assets across Europe and Asia
  • OECD and investment-grade countries in Asia, with the aim of achieving diversification across geographies

EXECUTION

  • Experienced team combining global infrastructure experience and network of ex-Hastings/Macquarie Capital investment professionals
  • Core investment team has strong track record of investing, managing and exiting infrastructure assets across Asia and Europe
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