x Infrastructure debt

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Audience

Infrastructure debt

Infrastructure debt can offer long-dated, stable, cashflow-driven returns.

M&G manages c. $50bn* of debt across the infrastructure asset class, in both public and private markets. We have built a substantial portfolio over a number of decades and have a proven track record or originating, closing, and actively monitoring our investments.

*As at 30 June 2019.

The following pages pertain to information on the M&G Funds and do not relate to M&G Investments. The following pages are accordingly for information only. This website is intended only for institutional investors in Singapore and authorised distributors of the M&G Funds. Specifically, the information on these pages should not be used or relied upon by any other investor from any jurisdiction.

Contact us

For further information about our infrastructure finance investment opportunities.

Contact us

 

What is infrastructure?

Infrastructure assets form the economic backbone of a country; they are the basis on which economic growth is founded.

We group infrastructure assets into four main categories, as follows:

Infrastructure Debt Web Graphic

Why invest in infrastructure debt?

Infrastructure debt can offer long-dated, stable returns. These returns are based on cashflow, rather than on real-estate values or capital growth.

The key characteristics of infrastructure businesses, which can support these stable returns, are as follows:

  • Essential assets
  • High barriers to entry and exit for competitors and customers respectively
  • Stable cashflow generation
  • High recovery rates
  • Low correlation to the economic cycle or other asset classes
  • Potential for inflation-linkage

What forms does infrastructure debt take?

M&G has sourced a variety of infrastructure debt transactions to suit a number of investor requirements, including the following:

  • Public or private debt
  • Bond form or loan form
  • Primary market or secondary market
  • Liquid or illiquid debt
  • Index-linked, fixed or floating interest rates
  • Senior or junior debt
  • Sterling, euros or other currencies
  • Amortising or bullet repayment profile

Our experience

M&G has been investing in infrastructure debt, building and managing its portfolio for a number of decades.

Our infrastructure debt investments currently stand at c. $50bn*, spread across a range of different business types, structures and geographies.

We have been at the forefront of investing in the sector on a private basis, having built a private debt capability in the late 1990s to complement our long-standing public debt experience.

Our focus on detailed credit analysis, thorough due diligence and risk adjusted return, has enabled our client funds to avoid poorly performing deals and obtain strong performance from their infrastructure holdings throughout the credit cycle.

*As at 31 August 2019.

Our infrastructure debt professionals

Our experienced team of infrastructure experts are drawn from across our Fixed Income business and have specialist knowledge in each of the various sub-sectors.

 

John Mayhew-89 x 102 
Head of Infrastructure Debt
John Mayhew

Project & Infrastructure Finance

Tim Huband-89 x 102 
Head of Project Finance
Tim Huband
David Kemp-89 x 102 
Director
David Kemp
Chris-Nishan 
Director
Chris Nishan
Adam Spencer-89 x 102 
Manager
Adam Spencer
Andrew McCormick-89 x 102 
Director
Andrew McCormick
Pierre Husser-89 x 102 
Associate Director
Pierre Husser
Ian Bigwood-89 x 102 
Administration Manager
Ian Bigwood

Public Debt Markets

Michael Posnansky-89 x 102 
Director, Transport
Michael Posnansky
Duff_Simon_Web Blue 
Analyst, Technology, Media & Telecommunications
Simon Duff
Orlando Finzi-89 x 102 
Director, Utilities
Orlando Finzi
Tim-Morris-89 x 102 
Analyst, Student Accommodation
Tim Morris

Social Housing

Mark Davie-89 x 102 
Head of Social Housing
Mark Davie
Oriane Auzanneau-89 x 102 
Associate Director
Orianne Auzanneau

 
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This website is intended only for Institutional Investors in Singapore.
Specifically, the information on these pages should not be used or relied upon by the public of Singapore or any other type of investor from any other jurisdiction.
The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.