Toronto-based Aquila Infrastructure Management is at the head of a consortium that has purchased a minority stake in Thames Water, the United Kingdom’s largest water and sewerage company. Thames Water currently serves approximately 14 million customers in and around the London area, which amounts to nearly a third of England and Wales’ combined populations.

Thames Water’s headquarters. Credit: Jim Linwood

The consortium includes, in addition to Aquila’s own Infrastructure Coalition fund, the Teachers Insurance and Annuity Association of America (TIAA-CREF), New Brunswick Investment Management Corporation, and Teachers’ Retirement Allowances Fund.

Aquila’s CEO Alina Osorio discussed the investment in a press release: “Thames Water is a world-class organization and we are excited to be a part of its investor group,” she said. “This investment executes on our strategy to provide our clients with more direct exposure to core infrastructure assets, including providing co-investment opportunities to the investors in our fund.”

Aquila, established in 2009, is a full service investment management firm focused solely on the infrastructure sector. It will manage the interest on behalf of the consortium.

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