A Viable Project Cannot Attract Investment
The underlying project has genuine merit, but its current structure is not attracting the private or blended finance investment required.
How we can help
Partnerships & Blended Finance
Structuring partnerships and finance that make development projects bankable.
Overview
Many public infrastructure and development projects sit at the intersection of public need and private capital, requiring structures that align public objectives with the risk and return expectations of private investors. Getting that structure wrong can leave viable projects unable to attract the finance they need.
Public-private partnerships and blended finance mechanisms offer a way to combine public and private capital and expertise, but they depend on careful structuring: clear risk allocation, credible governance and a genuine alignment of incentives between public and private partners.
At Concinnity, we help structure public-private partnerships and blended finance mechanisms that are attractive to investors, deliver genuine public value and are governed in a way that can sustain the partnership over its full lifecycle.
Public-Private Partnership & Blended Finance
We help public institutions and their partners structure PPPs and blended finance mechanisms that are genuinely bankable and deliver public value.
The objective is a partnership structure that investors find credible and that delivers the public value the project was intended to create.
Project Viability & Feasibility Assessment
Assess the technical, financial and institutional viability of proposed PPP and blended finance projects before significant resources are committed to structuring.
PPP Structuring & Transaction Advisory
Structure public-private partnership transactions, including risk allocation, contractual arrangements and financial structuring.
Blended Finance Design
Design blended finance mechanisms that combine public, private and development finance capital to make projects bankable while managing risk appropriately across partners.
Investor & Private Sector Engagement
Engage private investors and partners, presenting projects in a way that addresses their risk and return considerations while protecting public interest.
Risk Allocation & Contract Design
Design contractual and risk-sharing arrangements that allocate risk to the party best positioned to manage it, a critical determinant of project bankability.
PPP Governance & Project Oversight
Establish the governance structures required to oversee PPP and blended finance projects effectively throughout their delivery and operational lifecycle.
Signs You Need This
PPP and blended finance projects stall when structuring has not adequately addressed risk, governance or investor expectations.
The common thread: project merit is not the constraint; the structure connecting that merit to bankable, investable terms is.
Risk Allocation Has Not Been Clearly Defined
Project risks have not been explicitly allocated between public and private partners, creating uncertainty that deters investment.
Public and Private Objectives Have Not Been Reconciled
The public institution and prospective private partners have different expectations about the project's structure, returns or governance.
Previous PPP Structuring Attempts Have Stalled
Efforts to structure the partnership have not progressed to a bankable transaction, without a clear understanding of why.
Governance Arrangements Are Unclear or Underdeveloped
The institutional and governance arrangements required to oversee the partnership through delivery have not been adequately designed.
The Institution Lacks PPP Transaction Experience
The public institution has identified a strong project opportunity but has limited internal experience structuring and negotiating PPP transactions.
Blended Finance Instruments Have Not Been Fully Explored
The project's financing gap could potentially be addressed through blended finance, but this option has not been rigorously assessed.
Our Approach
We begin with a rigorous assessment of project viability, examining technical, financial and institutional feasibility before investing significant effort in structuring, since not every project that appears attractive is genuinely ready for a PPP or blended finance structure.
We then structure the partnership, working through risk allocation, contractual arrangements and financing options to design a transaction that is credible to both public authorities and private investors.
We support engagement with investors and private partners directly, presenting the project in a way that addresses genuine investor considerations around risk and return while protecting the public interest the project is meant to serve.
Finally, we help establish the governance structures required to oversee the partnership through delivery and operation, since a well-structured transaction still depends on effective oversight to deliver its intended value over time.
The result is a partnership structure that is genuinely bankable, appropriately governed and built to deliver public value across its full lifecycle.
