AFII
Co-investment and incubation planning
Working Partnerships

Co-investments & Incubation Stakes

Sharing development-stage or operating-asset exposure with suitable partners.

Understanding The Mandate

Which partner contributes each capability, and what happens if the project needs more time or capital?

Principal Investments

Some projects benefit from a partner that brings operational experience while another brings capital, technical expertise or regional understanding. A co-investment can combine those strengths, but only if the parties agree how decisions, additional funding and future exits will work.

AFII's experience in project incubation provides context for considering minority or joint positions in developing assets. Early-stage opportunities should be described as such; project interest or advice does not mean a stake has already been acquired.

The Issues That Matter

What The Structure
Needs To Address.

Each mandate needs a different balance of structure, commercial judgement and execution. These themes explain the practical issues that usually shape the work.

1

Agree the contribution

Financial commitments and practical responsibilities should be recorded rather than assumed.

2

Protect decision-making

Reserved matters, information rights, dilution and deadlock procedures need consideration.

3

Define the next stage

Development milestones, further capital requirements and exit rights should be thought through before the initial commitment.

A Practical Perspective

Work From The
Underlying Facts.

Nothing replaces the review of contracts, financial information and the particular circumstances of the borrower, project or investment. Each engagement remains specific to the transaction, counterparties and jurisdiction involved.

Discuss This Requirement
From The Published Directory

Related Published References.

All Transactions

References are drawn from AFII’s published transaction directory. Some entries describe historical, proposed or confidential assignments; inclusion does not establish that every project reached financial close. Photographs are editorial illustrations, not authenticated project images.

Start With The Mandate

Tell Us About The
Business Behind It.

Whether the discussion concerns a project, operating company or investment structure, we begin with what the business needs to achieve and what information is available.