Three complementary pillars targeting long-duration, income-generating, and capital-appreciation opportunities across UK real assets and infrastructure.
The first pillar of Ducklin Group's strategy is the management of a UK-listed infrastructure fund as a registered Small Alternative Investment Fund Manager (AIFM). The portfolio targets high-quality, income-generating listed infrastructure investment trusts — a sector offering defensive, inflation-linked cashflows backed by long-term contracted or regulated revenues.
Our current portfolio demonstrates this thesis in practice: HICL Infrastructure, International Public Partnerships, and The Renewables Infrastructure Group provide yields of up to 9.82% with dividend cover maintained above 1.0x — characteristics we intend to replicate and scale within a formal fund structure.
The listed infrastructure universe offers institutional-quality assets at accessible price points, with daily liquidity and transparent pricing — a compelling combination for a nascent fund manager building a track record.
Revenue streams typically indexed to RPI or CPI, providing natural protection against inflationary environments.
Contracted asset lives of 20–30+ years, supporting predictable, multi-decade distribution profiles.
Target distribution yields of 6–10%, underpinned by regulated or contracted revenues, not market speculation.
Strategy currently demonstrated via IBKR account — portfolio data available on our Performance page.
The second pillar targets greenfield infrastructure development — the origination, development, and early-stage investment in new infrastructure assets from conception through to operational status. Greenfield projects typically offer higher risk-adjusted returns than secondary (operational) infrastructure, compensating investors for construction, planning, and ramp-up risk.
The UK faces a well-documented infrastructure deficit across energy, transport, water, and digital connectivity. Government targets for net zero, housing, and economic growth create a structural pipeline of development opportunities — many of which are too early-stage for large institutional investors but well-suited to an agile, smaller fund manager with specialist expertise.
Ducklin Group intends to focus on projects with clear planning pathways, government support, and contracted revenue frameworks — minimising speculative risk while capturing the development premium.
Solar, battery storage, onshore wind, and grid infrastructure required to meet UK net zero commitments by 2050.
Greenfield projects command a significant valuation uplift upon reaching operational status — targeting 15–25%+ IRR at development stage.
CfD auctions, National Wealth Fund capital, and planning reform create a supportive environment for new infrastructure investment.
Once operational, assets can be refinanced or sold to listed infrastructure vehicles, providing capital for the next development cycle.
The third pillar focuses on residential housing redevelopment — the acquisition, remediation, and redevelopment of underutilised or brownfield residential sites into high-quality housing stock. The UK's persistent housing shortage, particularly in urban and suburban commuter markets, creates a structural opportunity for value-add residential development.
Ducklin Group's approach targets sites where planning permission can be secured or enhanced, where existing structures can be converted or replaced, and where strong local housing demand provides robust exit optionality — whether through private sale, affordable housing delivery, or institutional Build-to-Rent.
This pillar provides capital appreciation characteristics to complement the income focus of the infrastructure pillars, creating a balanced overall fund profile.
The UK requires c.300,000 new homes per year but consistently delivers fewer — creating durable demand for quality housing stock.
Government priority on brownfield-first development reduces planning risk and aligns with Homes England funding programmes.
Uplift from planning gain, site remediation, and quality development — targeting 20–30% gross development margins.
Multiple exit routes: private sale, affordable housing partnership, or institutional BTR forward sale — reducing market dependency.
Register your interest now and we will contact you once FCA registration is in place and the fund is ready to accept investors.
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