In the Media

Real estate is “no longer a physical asset class or a financial asset class,” Mike Bryant, our Global Head of Real Estate, recently told PERE. In a wide-ranging interview, Mike outlines the evolution of our direct investment strategy; the progress we have made in expanding our operational capabilities to build vertical depth in key sectors; and how the corporate acquisition of specialist operators like Empira Group, as well as strategic stakes in Trinity Investments and Citivale, underscore our conviction in operational real estate, enabling access to an even wider range of thematic opportunities for our investors. Mike commented that real estate “is at an inflection point in history” and with our growing operational expertise we should be well-positioned for the next cycle.

NAV lenders have generated attractive risk-adjusted returns with low volatility through a combination of diversified underlying portfolios, strong covenants, and partnering with best-in-class managers, Patrick Lee, a Member of Management on our Private Credit team, told Private Debt Investor. Patrick was joined by our Head of Private Credit Andrew Bellis to discuss the key growth drivers in the NAV lending market, the role NAV lending plays in the broader financing toolkit for both GPs and LPs, and how this financing creates a natural alignment.

Our Co-Head of Infrastructure Partnerships, Dmitriy Antropov, joined an Infrastructure Investor roundtable to talk about the growth of infrastructure secondaries. Dmitriy told the panel that only a small fraction of infrastructure’s USD 1.4 trillion in AuM is currently trading in the secondaries market when compared to private equity, which means there is real potential for increased penetration. Dmitriy also said that the job of an infrastructure secondaries investor is likely to become more difficult given GPs are facing a harder time selling assets at a premium. However, an investor with a deep direct-like underwriting skill set and strong long-term relationships will be well-positioned.

Andrew Bellis, our head of private credit, and Lori Pomerantz, our head of business development for private credit, spoke with Private Debt Investor about how liquidity is increasingly becoming a hot topic across the asset class. Andrew and Lori talked about the drivers of liquidity at the asset and fund level, how open-ended evergreen funds address liquidity for investors, and the growth of private credit secondaries.

Andre Burba, a Managing Director in our Infrastructure Americas team, spoke to PE Hub about Partners Group's investment in Gateway Fleets, a provider of electrification solutions for logistics fleet operators in the US, on behalf of our clients. Andre talked about how Gateway fits with our investment thesis for the electric vehicle space, why we think Gateway has a winning business model, and our value creation plan.

The expansion of natural gas as a baseload fuel is likely to continue, particularly with the energy transition still at early stages. Within this theme, "drop-in" fuels, such as renewable natural gas, renewable diesel, and sustainable aviation fuels, which are replacements for more carbon-intensive energy sources, represent an interesting investment opportunity. In this interview, Andre Burba, Managing Director, and Matthew Lipton, Head of Infrastructure Investment Research, discuss which low-carbon fuels are suitable for investment, how these fuels contribute to the energy transition, and where they might be used.