The Board

The Board is responsible for the determination of the Company's investment policy and strategy and have overall responsibility for the Company's activities including the review of investment activity and performance and the control and supervision of the Investment Manager. All of the Directors are non-executive and are independent of the Investment Manager and the other service providers.

The Board is also responsible for the control and supervision of the Investment Manager and compliance with the principles and recommendations of the AIC Code. The Board ensures the maintenance of a sound system of internal controls and risk management (including financial, operational and compliance controls) and reviews the overall effectiveness of systems in place. They are responsible for approval of any changes to the capital, corporate and/or management structure of the Group.

The Board’s main focus is the sustainable long-term success of the Group to deliver value for shareholders. The Board does not routinely involve itself in day-to-day business decisions but there is a formal schedule of matters that requires the Board’s specific approval, as well as those which can be delegated to the Board committees or the Investment Manager. The Board retains responsibility for all such delegated matters.

John (Jack) Waters Jr

Chairperson

Jack Waters has significant experience in the digital infrastructure sector with an executive career spanning over 30 years. Most recently, Jack was President of Zayo Networks and Chief Operating Officer at Zayo Group Holdings Inc (“Zayo”) which was listed on the New York Stock Exchange prior to its US$14.3 billion take private in 2019. During his tenure, Zayo owned c. 13m miles of fibre and 45 data centres in the US and Europe. Jack oversaw the company’s global business. Prior to joining Zayo, Jack was Chief Technology Officer and one of the founding senior executives at Level 3 Communications, where he was focused on global network technology, architecture, engineering, process and security. He also held management positions at MCI Communications and the Southeastern University Research and Academic Network. Jack has served on the board of directors for the Colorado Technology Association and the U.S. Federal Communications Commission Technical Advisory Council.

Keith Mansfield

Non-executive Senior Independent Director

Keith Mansfield is a Chartered Accountant by background and brings extensive accountancy experience, having worked at PricewaterhouseCoopers LLP ("PwC") for over 30 years, during which time he served as Chairman of PwC in London responsible for assurance, tax and advisory services. As a partner for 22 years, he advised many public and private companies across a range of industry sectors. Keith is a Non-executive Director (and Chair of the Audit Committee) of Tritax EuroBox plc (of which he is also Senior Independent Director) and Motorpoint Group plc. He was also a Non-executive Director of Tarsus Plc until its management buyout in August 2019. He is Chairman of the board of Albermarle Fairoaks Airport Limited and a Non-executive Director of Real Time Sports Bingo Limited. He also sits on the investment advisory board of Nexus Investment Ventures Limited.

Charlotte Valeur

Independent Non-executive Director

Charlotte Valeur has over 35 years’ experience in finance, primarily in Denmark and UK. Charlotte’s previous non-executive roles include Chairing Kennedy Wilson Europe Real Estate Plc (FTSE 250) and DW Catalyst Fund Ltd, and Non-executive Director on the boards of 3i Infrastructure Plc (FTSE 250), NTR Plc, Renewable Energy Generation Limited and JPMorgan Convertibles Income Fund Ltd. She is currently Chair of Blackstone/GSO Loan Financing Ltd, a Non-executive Director of Laing O’Rourke Ltd, and a member of the Primary Markets Group of the London Stock Exchange.

Monique O'Keefe

Independent Non-executive Director

Monique O’Keefe has over 25 years’ experience in finance and law. She is currently a Non-executive Director on the boards of Foresight Solar Fund Limited and Phoenix Spree Deutschland Limited, as well as a number of private equity funds. She also sits on the Board of Commissioners at the Jersey Financial Services Commission and is the co-founder of Jersey-based investment consultancy business, Kairos Wealth Limited. Prior to this, Monique was at Merrill Lynch and Goldman Sachs in London and New York working in structured finance, and previously a structured finance lawyer at Clifford Chance.

Lisa Harrington

Independant non-executive Director

Lisa Harrington is a tech executive and has spent 25 years growing and transforming business across a range of sectors including telecommunications, technology and utilities. Joining British Telecom ("BT") in 2007, Lisa spent 10 years in a range of leadership positions with her final role being Chief Customer Officer BT Group, reporting to the CEO. Lisa is currently a Non-Executive Director of Post Office Limited and Calisen plc (FTSE250), and has previously held non-executive posts on the boards of Southern Water and West London NHS Mental Trust. She started her career at Accenture in Ireland and the UK and, more recently, was managing director Tech Learning Division of QA Limited, one of the biggest tech and cyber skills providers in the UK.

Board Committees

The Board has established an Audit Committee, a Risk Committee, a Nomination Committee and a Management Engagement Committee.

The Board does not have a Remuneration Committee as it has no executive Directors. The Board as a whole is responsible for reviewing the scale and structure of the remuneration of the Directors.

The functions of each of the committees are described in their respective Terms of Reference:

Audit Committee – Terms of Reference

Risk Committee – Terms of Reference

Nomination Committee – Terms of Reference

Management Engagement Committee – Terms of Reference

Key Information

The Company is an 'alternative investment fund' ("AIF") for the purposes of the EU Alternative Investment Fund Managers Directive, as implemented in the UK by UK statutory instruments and by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”)

EPIC code DGI9
Sector Infrastructure
Launch Date 2021
Financial Year End 31 December
Dividend Frequency Quarterly
SEDOL BMDKH43
ISIN JE00BMDKH437