The RBC GAM Global Infrastructure 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). 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 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
Over 40+ years of combined experience in the infrastructure space
Extensive global origination & execution track record
Robust screening and investment process
Multi-cycle experience
Experience underwriting both steady state as well as opportunistic investments through multiple cycles
Deep network
Broad and deep network across global institutional infrastructure market
Significant partnership experience
Significant experience negotiating partnerships across geographies and sectors with a wide range of partners
Global directors experience
Deep global board of directors experience in Canada, U.S., UK, and Australia
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).Learn more about how to gain direct access to global private infrastructure.
Disclosure
Investments in alternative funds are speculative and involve significant risk of loss of all or a substantial amount of your investment. Alternative funds: may engage in leverage and other speculative investment practices that may increase the risk of investment loss; (ii) can be highly illiquid; (iii) are not required to provide periodic pricing or valuation information to investors; and (iv) are not subject to the same regulatory requirements as prospectus-offered mutual funds. In assessing the suitability of these investments, investors should carefully consider their personal circumstances including time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their professional advisors and consultants regarding any tax, accounting, legal or financial considerations before making a decision as to whether the funds mentioned in this material are a suitable investment for them.