The RBC GAM Private Markets Global Infrastructure Investment team seeks to provide investors with direct access to a globally diversified portfolio of high-quality core/core+ private infrastructure assets with the objective of generating attractive risk-adjusted returns comprised of income and capital gains.
Team structure
The team is led by Andrew Hay, Managing Director & Head, Global Infrastructure Investments at RBC Global Asset Management Inc. (RBC GAM Inc). The team is comprised of infrastructure investment professionals with a broad and deep network of industry contacts, and extensive experience that includes senior roles in origination, investing, and governance at Canada’s largest pension plans. The team leverages the internal support of RBC Global Asset Management (RBC GAM)’s investment and operational platform as well as the external support of its experienced and aligned co-investment partners and advisors.
40+ years of experience
Extensive global origination & execution track record
Multi-cycle experience
Deep network
Significant partnership experience
Global directors experience
Investment selection
Investing in high-quality private infrastructure assets should provide stable and predictable cash flows over a long-term investment horizon. The team targets investments likely to benefit from attractive economic growth, positive demographic trends, strong and consistent contractual income returns, and inflation sensitivity. Investments should operate in regions with stable and predictable regulatory regimes, and tested rule of law.
Partner selection
The co-investment partnership model provides the team with support during the two most operationally intensive phases of the lifecycle of a private infrastructure asset: investment due diligence and asset management/value creation. The team proactively seeks co-investment partners in relevant sectors and geographies that are experienced in sourcing and executing investment opportunities and acting as responsible asset managers and owners. These partners must also demonstrate alignment, established through significant equity invested alongside the fund, a long-term investment horizon, and exceptional reputations and values.
Portfolio design
The team seeks to generate attractive risk-adjusted returns consisting of both yield and capital appreciation. They aim to achieve this by investing in a portfolio of core and core+ private infrastructure assets diversified by co-investment partner, sector, value driver, and geography, with a focus on developed market countries included in the Organization for Economic Co-operation and Development (OECD).