LGIM Real Assets has hired Will Devenney to expand its infrastructure debt team as it continues to develop and diversify its real assets capabilities. Devenney was the former director of infrastructure and real estate at HSBC.
Since LGIM RA’s private credit business’ debut infrastructure deal in 2012, investments have been made throughout the United Kingdom, Europe and the United States in all key social and economic infrastructure sectors. Devenney will help in broadening LGIM RA’s infrastructure investment opportunities with a particular focus on yield-enhancing strategies.
“There remains significant demand for high-quality private credit in infrastructure asset classes, enabling large institutions and pension funds to achieve diversification of their portfolios, improve their structures and enhance their yield profiles,” said Nick Bamber, head of private credit. “Through continued investment in talent, we can widen the scope of our investment capabilities for our clients.”
Devenney brings experience to the role having led a multitude of transactions from an advisory, structuring and underwriting perspective across the transportation, utilities and renewables sectors for previous employers HSBC and RBC Capital Markets (in London and New York), where he was director of acquisitions and leverage finance focusing on the infrastructure sector.