PRIVATE FIXED INCOME

Infrastructure Debt

We originate private infrastructure debt for institutional investors aiming to deliver durable income and attractive yield through differentiated sourcing.

AUM1

$43.4B

Issuers1

542

Broad issuer base supporting diversification across sectors and transactions

Issuer Domiciles1

37

Global reach supporting diversification across markets

Non-USD1

~44%

Meaningful non-USD exposure, supporting diversification across currencies and regions

Infrastructure Debt

Global infrastructure debt investing built on strong sourcing, disciplined underwriting and smart structuring to drive income, diversification and downside protection.

We focus on privately originated infrastructure debt, aiming to deliver durable income, strong credit quality and attractive yield. Our approach combines global sourcing, thoughtful structuring and active monitoring to support diversification and manage risk.

Our approach to infrastructure debt investing

Scaled global sourcing and market access

We draw on long-established relationships with sponsors, banks and intermediaries to source infrastructure private placements globally. This network supports consistent deal flow, including access to opportunities not typically available in public markets.

Focus on essential, high-quality assets

We invest primarily in essential infrastructure—power, transport, utilities and social assets—with stable cash flows and high barriers to entry. The focus is on core and core-plus assets with regulated or long-term contracted revenues.

Disciplined underwriting and structuring

Every investment goes through a rigorous credit and ESG review, along with careful structuring. We aim to include strong covenant protections and generate attractive yield, while keeping downside risk in focus.

Portfolio construction and active risk management

Portfolios are tailored to client objectives across sectors, maturities and credit quality, with an emphasis on diversification, downside protection and relative value. Ongoing monitoring and regular credit reviews help manage risk and stay resilient through market cycles.

Available strategies

Infrastructure Debt Investment Grade

Investments in essential infrastructure assets, typically supported by regulated or long-term contracted revenues, seeking stable income, capital preservation and strong downside protection.

Infrastructure Debt High Yield

Select investments in higher-yielding infrastructure assets, including sub-investment grade exposures, seeking enhanced income and attractive risk-adjusted returns with comprehensive covenants and structural protections.