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infrastructure debt

Once considered a niche by both infra and private debt investors, infra debt has become an important part of how LPs allocate.
The Global Infrastructure Debt Fund, BlackRock’s first comingled fund targeting high-yield debt, had raised about $250m before the pandemic.
Much as renewables are driving sector-focused equity fundraising, the same movement is being seen on the debt side, with digital infra potentially not far behind.
In a year like no other, infrastructure debt proved its resilience, and low-for-long interest rates are driving further interest, writes Sakshi Sharma.
Ares and AMP Ltd will form a new joint venture covering AMP Capital’s private markets businesses, including infra and real estate, with Ares assuming management control.
Private debt should have a major role to play in all sizes and types of project finance, according to David Rose of the Project Finance Exchange.
The mandate is the first infrastructure debt allocation made by two Dutch pension funds.
The fund manager has appointed Andrew Jones, formerly of AMP Capital, to head up the new strategy from its Sydney office.
Infrastructure debt has seen growing demand from investors in recent years and its defensive characteristics make it perfect for weathering a downturn.
Emerging and diverse managers received less than 3% of capital commitments closed in H1, raising fears they are being left behind as the pandemic changes fundraising.
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