Kalliope Gourntis

The fund manager has appointed Andrew Jones, formerly of AMP Capital, to head up the new strategy from its Sydney office.

MIDIS’s sub-investment grade infra debt fund is already roughly 60% invested in 14 borrowers in the US, UK and continental Europe with an average internal rating of BB-.

In a recent survey, infrastructure’s 20 largest managers and investors were asked a series of questions, from how they were reducing their carbon footprint to whether they were divesting from fossil fuels. With some notable exceptions, the industry doesn’t seem to be rising to the challenge.

Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.

Private debt stands to benefit from changes allowing Sweden’s AP funds greater investment flexibility. Kalliope Gourntis of sister title Infrastructure Investor reports

Private debt stands to benefit from changes allowing Sweden’s AP funds greater investment flexibility. Kalliope Gourntis of sister title Infrastructure Investor reports

The country’s four AP funds are one step closer to gaining more flexibility when investing in private markets.