Ben Taylor, CFA, Managing Director of Macquarie Asset Management, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the firm’s long-term history in the infrastructure and real assets sector.
Macquarie Asset Management is a global asset manager with $600 billion in AUM, including $215 billion in fixed income, leveraged credit, and private credit strategies. With 400 investment professionals in infrastructure assets alone, the firm has a long-established heritage in the infrastructure and real assets sector. This gives Macquarie an advantage when underwriting opportunities to lend against infrastructure assets.
Macquarie defines infrastructure as essential assets that have a monopolistic position and long-term contracts. Energy infrastructure includes battery storage and renewable electricity generation, such as solar. Other essential sectors include transportation, health care, and digital assets, including data centers and fiber internet services.
Taylor notes that asset managers can reduce downside risks in infrastructure by having access to unique opportunities, the ability to lead the efforts to structure and document the terms of the transaction and setting the price of the transaction that accurately reflects the risks of the transaction.
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