Cadent Gas (Quadgas)

Quadgas is the financial vehicle and investment structure primarily known for its ownership and operation of Cadent Gas, the United Kingdom's largest natural gas distribution network. The brand originated in the UK following the spin-off of National Grid's gas distribution business. It operates critical infrastructure across the West Midlands, North West, East of England, and North London, serving millions of homes and businesses.

The ownership of Quadgas is a consortium of international institutional investors. Since its inception, the structure has evolved to include major stakeholders such as Macquarie Asset Management, British Columbia Investment Management Corporation (BCI), and various other pension and sovereign wealth funds. The brand represents a significant piece of British utility infrastructure, overseen by the UK regulator Ofgem, while being financed and governed by a global network of capital providers focused on long-term energy transition and distribution reliability.