Principal Asset Management has launched a new private infrastructure debt capability and hired Mansi Patel as senior managing director, head of infrastructure debt, to lead its launch and implementation.
This new capability adds to the firm’s longstanding expertise in public-listed infrastructure, real estate debt and alternative credit. It will focus on investing in a diversified portfolio of private infrastructure debt, targeting thematic investments in globalization, decarbonization and electrification. By doing so, it aims to generate a higher risk premium relative to its public market sector equivalent, while also benefiting from consistently lower default risk and more favorable debt characteristics to non-financial corporate sectors, according to Principal.
“The launch of our private infrastructure debt capability comes at an opportune time for investors, given the powerful market forces driving tremendous capital needs across all infrastructure sectors,”