Infrastructure

MIM’s infrastructure investments are typically private debt issuances and projects supporting airports, ports, transportation (roads, rail, bridges), transmission, energy management systems, social infrastructure (stadiums and courthouses), data centers, metering, telecom, and water.

Public-private partnership supporting public education

In 2020, MIM supported Maryland’s Prince George’s County Public Schools, the second-largest public school system in the state and a top 20 public school district in the United States, in a public-private partnership (PPP) with $203.5 million in construction financing for six new public schools. The design-build project, which is expected to take three years, will involve the demolition of four aging schools and the simultaneous construction of six new schools (five middle schools and one K-8 school), which will provide a modern learning environment for approximately 8,000 students. The project is further supportive of the community with requirements that at least 30% of the contract value be allocated to local and minority-owned businesses and approximately 4,100 people be employed. Led by MIM’s Private Capital team, this unique PPP transaction is believed to be one of the first of its kind involving a public school system in the U.S.

Infrastructure sustainability-linked bond

In 2020, MIM participated in the Sydney Airport’s USPP deal, marking the execution of the world’s first sustainability-linked bond (SLB) with two-way pricing. Additional information about the transaction can be found here.