CC&L Infrastructure

What CC&L Infrastructure does

CC&L Infrastructure (Connor, Clark & Lunn Infrastructure Ltd.) is a Canadian infrastructure investment manager that acquires, develops, finances, and actively manages a portfolio of middle-market infrastructure assets. Founded in 2005 and headquartered in Vancouver with offices in Toronto, the firm operates as a subsidiary of Connor, Clark & Lunn Financial Group Ltd., one of Canada's largest independently held asset managers (collectively managing over $222 billion in financial assets at the parent level). The firm offers institutional investors — pension funds, endowments, and foundations — and qualified high-net-worth individuals access to a diversified portfolio of infrastructure projects spanning energy transition, transportation, water, environmental, digital, and social infrastructure.

The company's investment vehicle is structured as an open-ended fund targeting equity investments of $100 to $200 million per transaction, enabling long-term ownership with no predetermined exit schedule. As of 2025, CC&L Infrastructure reports approximately $7.5 billion in assets under management deployed across more than 100 infrastructure facilities, including approximately 2.4 GW of clean energy capacity (solar, wind, hydro, hydrogen). Notable portfolio holdings include the 297 MW Sharp Hills Wind Farm in Alberta, multiple short-line rail terminals operated with Alpenglow Rail, the L.F. Wade International Airport concession in Bermuda operated with Aecon, the Northside Student Housing community serving the University of Texas at Dallas, and a Chilean solar portfolio developed with CarbonFree Technology. Operational oversight is supported by a dedicated team of over 40 investment, asset management, and finance professionals, with approximately 3,300 employees across portfolio companies.

Revenue is generated through infrastructure fund management, with management fees earned on capital managed on behalf of qualified institutional and high-net-worth clients. Distribution is executed through a direct sales model led by Managing Directors covering institutional and global HNW channels, with the firm registered as an investment adviser and fund manager across Canadian provinces and with the SEC in the US and FCA in the UK. CC&L Infrastructure differentiates itself through significant principal co-investment alongside clients, an open-ended long-duration ownership structure, and a strategic partnership model with operating partners (Alpenglow Rail, Aecon, CarbonFree Technology, Hy Stor Energy, Samsung Renewable Energy) that delivers differentiated deal flow. ESG credentials are reinforced by LEED-gold and EcoLogo certifications on multiple hydro and hospital assets and the firm's 2025 Responsible Investment and Climate Reports.

Name

CC&L Infrastructure

Legal name

Connor, Clark & Lunn Infrastructure Ltd.

Website

https://cclinfrastructure.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

CC&L Infrastructure is a Canadian infrastructure investment manager, founded in 2005, managing approximately $7.5 billion across 100-plus middle-market energy, transportation, and social infrastructure assets for institutional and high-net-worth clients.

Ownership category

akta.pro rank

Product category

Infrastructure Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro industry

PRIMARYFSANAEAA

Core Infrastructure Funds (Transport, Social, Digital, Utilities)

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

SECONDARYFSANADAH

Infrastructure & Project Finance Private Debt

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

SECONDARYFSANAEAM

Digital Infrastructure Funds (Data Centers, Fiber, Towers)

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

Keywords

• Infrastructure investing
• Asset management
• Renewable energy investments
• Infrastructure funds
• Middle-market infrastructure

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Infrastructure fund management: CC&L Infrastructure generates revenue through management of infrastructure investment funds for institutional and high-net-worth clients. They acquire, develop, construct, finance, and manage infrastructure assets across diversified sectors including energy transition, transportation, water, environmental, digital, and social infrastructure.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

CC&L Infrastructure is a private infrastructure investment management firm that acquires, develops, constructs, finances, and actively manages a diversified portfolio of middle-market infrastructure assets on behalf of institutional and high-net-worth clients. The firm targets $100 to $200 million of equity per transaction across energy transition (solar, wind, hydro, hydrogen), transportation (rail terminals, airports, highways), water, environmental, digital, and social infrastructure (hospitals, student housing, student transportation). It manages over $7.5 billion in assets across more than 100 infrastructure facilities, employing an ownership mindset and open-ended long-term fund structure.

Product overview

CC&L Infrastructure is a specialized infrastructure investment management firm that operates as part of Connor, Clark & Lunn Financial Group. The company offers infrastructure investment management services through a diversified portfolio approach, targeting high-quality, middle-market infrastructure assets. Their product offering centers on disciplined investment strategies combined with active asset management, targeting investments between $100 to $200 million of equity per transaction. The company manages a portfolio spanning energy transition (solar, wind, hydro, hydrogen), transportation (rail terminals, highways, airports), social infrastructure (hospitals, student housing, student transportation), and digital infrastructure. Their investment strategies focus on assets with attractive risk-return characteristics, long lives, and stable cashflow generation potential.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Investment Management Acquisition, development, construction, financing, and active management of a diversified portfolio of middle-market infrastructure assets including energy and energy transition (solar, wind, hydro, hydrogen), transportation (rail terminals, highways, airports), water, environmental, digital, and social infrastructure (hospitals, student housing, student transportation). Offered to institutional investors and high-net-worth clients seeking stable long-term cashflow uncorrelated to other asset classes, targeting $100-200M of equity per transaction.

Quantifiable outcome

• Over $7.5B in assets under management
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Aecon Group Inc.coreStrategic or Co-development Partner · 1 September 2023CC&L Infrastructure is partnered with Aecon Group Inc. in the operation, management, and maintenance of L.F. Wade International Airport (Bermuda International Airport), a 30-year concession agreement.
• Hy Stor EnergycoreStrategic or Co-development Partner · 1 June 2021CC&L Infrastructure has partnered with Hy Stor Energy to develop and advance green hydrogen production, storage, and delivery at scale in the United States, including the Mississippi Clean Hydrogen Hub project.
• Alpenglow RailcoreStrategic or Co-development Partner · 1 September 2019CC&L Infrastructure is partnered with Alpenglow Rail in ownership and management of VIP Rail (short-line rail logistics business with two terminals in Sarnia, Ontario) and USA Rail Terminals (rail logistics company with terminals in Texas and Louisiana). Also partnered on Alberta Midland Rail Terminal (Lamont County, Alberta) and $280M private placement financing.
• CarbonFree TechnologycoreStrategic or Co-development Partner · 1 August 2017CC&L Infrastructure, in partnership with CarbonFree Technology, acquired and constructed a leading institutional-scale solar portfolio in Chile (36 ground mount projects, 200+ MW) and secured a second portfolio of ~100 MW in August 2021.
• Connor, Clark & Lunn Financial Group Ltd.coreOthersCC&L Infrastructure is an affiliate of CC&L Financial Group, one of the largest private, independently held asset management firms in Canada, managing over $222 billion in financial assets. CC&L Financial Group provides accounting, marketing, legal, compliance, and back-office support to CC&L Infrastructure.
• Windriver Power CorporationminorStrategic or Co-development PartnerCC&L Infrastructure, in partnership with Windriver Power Corporation and Sts'ailes First Nation, invested in Sakwi Creek Hydro Project (6 MW, operational 2014). Also partnered on Hunter Creek Hydro Project with Shxw'owhámél First Nation.
• Samsung Renewable Energy Inc.coreStrategic or Co-development PartnerCC&L Infrastructure partnered with Samsung Renewable Energy Inc. on Kingston Solar Project (100 MW, operational 2015) and Grand Renewable Solar Project (100 MW, operational 2015) with Six Nations of the Grand River.
• Rainy River First NationsminorStrategic or Co-development PartnerCC&L Infrastructure partnered with Rainy River First Nations to construct three solar facilities (25 MW combined) in northwestern Ontario, operational 2015.
• CC&L FoundationminorOthersCC&L Financial Group and its affiliates, including CC&L Infrastructure, contribute 100% of funds to support CC&L Foundation's work supporting causes important to clients, employees, partners, and stakeholders in areas of environment, education, science, medicine, communities, and arts.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Capital Power: Edmonton-based independent power producer with growing renewable energy and infrastructure portfolio across North America. Comparable Canadian-domiciled infrastructure investor with operational asset management focus.
• John Laing Group: Specialist investor in greenfield P3 and infrastructure projects globally. Comparable to CC&L Infrastructure's P3 concession focus on hospitals, highways, and airports with long-duration equity positions.
• IFM Investors: Australian-headquartered infrastructure investor with open-ended fund structures serving institutional clients across transport, energy, and digital. Highly comparable operating model to CC&L Infrastructure including direct asset management and middle-market deal focus.
• Innergex Renewable Energy: Canadian renewable energy independent power producer with hydroelectric, wind, solar, and storage assets across Canada, the US, France, and Chile. Directly comparable asset mix and geographies to CC&L Infrastructure.
• Boralex: Quebec-headquartered renewable energy IPP with wind, solar, hydroelectric, and storage assets primarily in Canada, France, and the US. Overlaps with CC&L Infrastructure's renewable-heavy portfolio and Canadian mid-market focus.
• Northland Power: Canadian-listed developer, owner, and operator of renewable infrastructure including offshore wind, onshore wind, solar, and natural gas. Comparable Canadian footprint and clean energy asset profile to CC&L Infrastructure's renewable portfolio.

Broad incumbents

• Blackstone Infrastructure Partners: Mega-fund infrastructure platform with multi-billion AUM targeting transport, energy, and digital assets. A scaled competitor with growing reach into the mid-market segment.
• Macquarie Asset Management (MIRA): Global infrastructure platform investing across transport, energy, and digital assets. A long-established incumbent competing for institutional infrastructure allocations against CC&L Infrastructure's middle-market strategy.
• KKR Global Infrastructure: Major private equity infrastructure platform investing across transport, energy transition, and digital infrastructure. Increasingly competing with CC&L Infrastructure in middle-market transactions.
• Brookfield Infrastructure Partners: One of the world's largest infrastructure investors with a multi-asset, multi-region mandate. Competes with CC&L Infrastructure in transport, renewables, and digital infrastructure, though at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInca.linkedin.com/company/connorclark&lunninfrastructure

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CC&L Infrastructure