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McKinsey Capital Project Ventures

We collaborate with project owners and investors to pair capital with commercially viable infrastructure projects.

Our team provides a unique combination of project development and financing expertise, relationships with key stakeholders, and proprietary tools and data that enable us to serve as trusted partners to governments, private developers, and investors. Our project-development work focuses on helping bridge the current gap between infrastructure investment and needs by convening the right parties and collaborating to establish viable, bankable infrastructure projects in which investors can be confident.

What we do

The Capital-Project Ventures team uses several flexible models to help our clients source and develop projects and pipelines, accelerate project development, match projects to financing, and build project-delivery consortiums. Our client-service models are flexible and can include establishing partnership models. These exceptional approaches enable us to not only provide advisory services with delayed compensation or fees linked to project success—which relieves development-stage and cash-flow pressure—but also align our economic incentives with those of our clients.

We serve as a partner to our clients throughout the entire process of infrastructure-project development, including during the following stages:

  • Sourcing projects. Our team conducts analyses of subsectors and geographies of interest and develops bespoke and nonpublic brownfield- and greenfield-development opportunities to help our clients source opportunities as well as identify and develop projects.
  • Sourcing investors. We play two roles for project owners. First, we help them make their ideas bankable with a clear project-value proposition. Second, we map and identify potential investors, facilitate introductions, and develop the information or materials needed to support investor engagement.
  • Developing bespoke project-finance solutions. We help project owners identify the optimal strategy to raise financing for their project by drawing on our knowledge of the range of available tools and instruments, in-depth expertise on the assets under development, and insights into the project owner’s needs.
  • Optimizing and accelerating projects. Through functional expertise across all aspects of capital projects and operations, we offer both targeted initiatives and broad, long-term support to optimize project spend and operations, prioritize projects and investments across a project portfolio, and accelerate delivery by working alongside our clients—building the capabilities of client teams and serving as project managers.
  • Building delivery consortiums. Our team helps clients develop the best consortium to deliver and operate the asset under development. We can also participate as a member of the consortium.
  • Providing strategic end-to-end support. We provide a wide range of support throughout the project-development phase. Our activities during this period include performing due diligence, developing and managing a business plan, establishing a project-management-office function to support the development and management of third-party contractors, and conducting risk assessments.

FEATURED EXPERTS

Robert Palter

Senior Partner, Toronto

Stefano Napoletano

Senior Partner, Milan

Alastair Green

Partner, Washington DC

Aaron Bielenberg

Expert Associate Principal, Washington DC

FEATURED CAPABILITIES

Relevant McKinsey frameworks and proprietary tools include:

Infrastructure Projects Analytics Tool

The tool tracks up to 60 characteristics of more than 100,000 projects worldwide by geography and sector and gives visibility... to early-stage projects, prefinancing, and tendering.

McKinsey Infrastructure Diagnostic

An algorithm-based pipeline-assessment tool that helps project owners and potential investors evaluate the regulatory and financial... environment.

FEATURED INSIGHTS

Article

High stakes: How investors can manage risk in the new infrastructure environment

– Technology is disrupting construction on multiple fronts. What are the consequences for infrastructure-investment managers?
Executive Briefing - McKinsey Global Institute

Bridging infrastructure gaps: Has the world made progress?

– Despite increased spending and pockets of progress, infrastructure investment gaps remain.
Article

The next generation of infrastructure

– Sustainable projects will add trillions to the world’s infrastructure costs. Our report finds that private-sector investors must look at new ways to fill the gap.

Related

McKinsey Major Project Delivery

Our work on more than $1.2 trillion in capital projects over the last decade has generated significant and lasting value for clients worldwide.