1,182MW
South Field Energy Center
Equity & Debt
100+Transactions Completed
$57bn+Aggregate Enterprise Value
4Infrastructure Verticals
Infrastructure Merchant Banking
Capital and execution
for the assets that
carry the load.
NorthInfra is an infrastructure merchant bank that combines principal investment with our capital partners, co-development with management teams and platforms, and advisory and placement services to both clients and portfolio companies across the power, digital infrastructure, water, and midstream sectors.
Niles Indeck Energy Center · 1,085 MW
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100+Transactions completed
by NorthInfra principals
by NorthInfra principals
$57bn+Aggregate
enterprise value
enterprise value
4Dedicated sector
subsidiaries
subsidiaries
U.S.Geographic
mandate
mandate
Our Model
Principal, developer,
and adviser.
Most firms take one seat at the table. We work across the capital stack because the origination advantage compounds: capital we put at risk finding and underwriting a transaction sharpens the advisory mandate, and the advisory mandate surfaces the next opportunity.
Our principals have spent their careers on the operating and transactional side of power generation, water utilities, hyperscale load, and midstream logistics — not adjacent to those assets, in them. That is the basis on which we underwrite.
01
Principal investment
We invest alongside our capital partners, beginning with the capital we commit to sourcing, screening, and diligencing every opportunity we bring.
02
Co-development / joint venture
Partnership with management teams and platforms at the development stage, where capital that moves at development speed captures the return before institutional competition arrives.
03
M&A advisory
Assisting asset owners in maximizing value from their assets, and origination and execution for strategic and financial acquirers, including bilateral situations sourced through our own network.
04
Capital raising / placement
Debt and equity placement for platforms, sponsors, and developers, at both project and platform level.
Our Verticals
Four verticals.
One underwriting standard.
Each vertical operates as a dedicated subsidiary with its own pipeline, counterparties, and technical diligence — screened against a single firm-wide standard and executed by the same principals.
Power
Conventional and competitive generation across the full United States — merchant markets and utility-dominant regulated jurisdictions alike.
CCGTMerchantRegulated
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Digital Infrastructure
Data center power co-development nationwide, spanning competitive and regulated markets. Power-first origination, not confined to a single ISO.
DC PowerCo-DevelopmentInterconnection
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Water
Water treatment M&A — consolidation and platform building in a fragmented, regulation-driven U.S. market.
Treatment M&APlatform BuildPFAS Capex
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Midstream
Differentiated midstream, deliberately outside competitive mainstream midstream: islanded markets, adjacent services, and power-integrated CO2.
Islanded MarketsRailCO2
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How We Underwrite
Development risk,
priced honestly.
Infrastructure returns are made or lost on the milestones between control of the asset and the day it earns revenue. We diligence that path directly — the physical and regulatory position, long-lead procurement, contract and counterparty quality, and what is genuinely contracted versus uncontracted.
Transmission corridor
Diligence
What we test
before we commit.
- Physical position. Interconnection, rights of way, water rights, or site control, depending on the asset. The real timeline, not the study.
- Long-lead procurement. Equipment, capacity, and vendor slots as a critical-path input, not a procurement afterthought.
- Revenue contract. Counterparty credit and tenor, with contracted revenue underwritten separately from merchant or uncontracted volume.
- Permitting and regulatory position. Conditions precedent with dates attached, including rate and tariff approvals where the asset is regulated.
- Structure. Where the promote sits, how capital is protected, and who carries the development risk that is actually left.
Track Record
An institutional
résumé, proven at scale.
NorthInfra principals have advised on landmark generation transactions alongside the most sophisticated capital allocators in infrastructure — from investment decision through financial close.
BlackRockMacquarie Infrastructure PartnersAres EIFCPV / GEPanda Power FundsJERAAdvanced PowerPrudential Financial
1,100MW
Cricket Valley Energy Center
Equity & Debt
1,085MW
Niles Indeck Energy Center
Equity & Debt
485MW
Birdsboro Power Project
Equity
Why NorthInfra
The NorthInfra advantage.
01
Relationship-led sourcing
Deal flow sourced directly from our network of developers, owners, operators, strategics, and financing parties. Certain opportunities may be sourced before a broader auction process, which may reduce competitive process costs.
02
Operator-level diligence
Permitting and regulatory position, site control and physical access, long-lead procurement, and the contract and counterparty credit behind the revenue are underwritten as separate line items by people who have run those workstreams. A stated capacity, throughput, or customer base is not a delivered asset.
03
Full capital-stack capability
Principal, co-developer, adviser, or placement agent. We are structurally indifferent to which seat we take, which means the recommendation is not a function of how we get paid.
04
Development-speed decisions
Decisions are made by the principals. That is what lets us commit on development timelines rather than committee timelines, at platform level and across a pipeline.
Bring us a situation.
We look at power, digital infrastructure, water, and midstream opportunities across the United States — as principal, co-developer, or adviser.
Get in touch
info@nrthinfra.com