Under the Investment Advisory Agreement, Babcock & Brown Investment Management Ltd (BBIML), an investment manager authorised and regulated in the UK by the FSA, has been appointed by the Company as Investment Adviser. BBIML has also been appointed as Operator of the Partnership through which the Company conducts its investment activities, and in its capacity as Operator of the Partnership acts as discretionary investment manager of the Group’s investments.

Babcock & Brown will be responsible for carrying out investment management and advisory functions for the Group through its wholly owned subsidiary BBIML. Babcock & Brown has a team of specialists working in the infrastructure sector comprised of 60 professionals based in London as part of a team of more than 420 professionals worldwide with extensive experience of originating and managing PFI/PPP and other infrastructure projects (including the existing portfolio).