Principal AM unveils private infrastructure debt capability

Principal/infrastructure-debt/fixed-income/

22 May 2024
| By Jasmine Siljic |
image
image image
expand image

Principal Asset Management has appointed a head of infrastructure debt to lead its new private infrastructure debt capability.

The asset management firm has announced the appointment of Mansi Patel as senior managing director and head of infrastructure debt.

She joins with nearly 20 years of experience in the investment space. This includes 18 years at MetLife Investment Management as managing director, head of infrastructure debt and project finance across the North America, Latin America and APAC regions.

In her new role, Patel will lead the newly created private infrastructure debt investment team. She will also oversee the launch and implementation of Principal’s new private infrastructure debt capability.

The solution will focus on investing in a diversified portfolio of private infrastructure debt and will target thematic investments in globalisation, decarbonisation and electrification. It seeks to generate a higher risk premium relative to its public market sector equivalent, while benefiting from consistently lower default risk and more favourable debt characteristics to non-financial corporate sectors.

Todd Everett, global head of private markets at Principal Asset Management, said the launch of the new capability comes at an “opportune time” for investors given the market forces driving capital needs in all infrastructure sectors.

“Constraints in traditional bank funding have opened the door for private investors to fill the financing gap. This capability will allow investors to access an opportunity set that offers defensive cash flows, lower default risk and exposure to critical investment themes like decarbonisation, electrification and digitalisation,” he explained.

According to Patel, private infrastructure debt can play an important role in portfolio construction for both institutional and retail investors, and can offer stability and enhanced returns.

“This makes it an exciting time to join Principal Asset Management, a leader in innovative and diversified investment solutions, and lead the new private infrastructure debt capability, which will be a compelling addition to the firm’s already strong private market line-up,” she commented.

The asset manager currently services over 1,100 institutional clients in more than 80 markets, as at 31 March 2024. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS