Seniority matters
IFM’s Global Head of Debt Investments, Rich Randall, speaks to Infrastructure Investor about the opportunities within the infrastructure debt space.
We believe investor appetite for infrastructure debt has grown significantly in response to a once-in-a-generation modernization cycle, together with the need to diversify broader private credit portfolios.
However, while some investors have chosen to pursue mezzanine strategies in the hunt for higher yield, Rich, who has been active in the infra debt space for more than 25 years, explains why he believes that taking a senior secured position in the capital stack is how investors may benefit from the key defensive and diversifying characteristics of the asset class.
Originally published in Infrastructure Investor.
Meet the author
Rich Randall
Rich is responsible for the creation and management of IFM Investors’ debt investments strategies and portfolios, and for the debt investments team globally. He also heads IFM Investors’ North American debt investment business. Based in New York, Rich has more than 20 years of experience in originating, analysing, structuring and arranging debt facilities for large infrastructure projects.
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