SMIF are one of the largest European infrastructure investment and management groups, providing liquidity to infrastructure project investors and developers in the UK PFI/PPP market. SMIF was established in October 2001 and now has over £285 million invested in thirty-seven business assets, the largest asset manager in the UK PFI/ PPP market place. It is looking, at minimum, to acquire £500 million of interests in infrastructure assets in the UK and Western Europe prior to December 2007. Following acquisition, SMIF intends to improve the performance of infrastructure assets, with particular expertise in the financial restructuring of such projects, and will seek to enhance value for its shareholders. SMIF acquisitions include four health sector acquisitions for circa £40 million. SMIF is a UK Limited Partnership managed by five partners: William Doughty, Ian Gethin, Paul McCulloch, Robert Rees and Barry Williams.
A number of banks and PFI contractors also have a portfolio of equity investments in PFI projects.