What private market assets are in institutional portfolios? Christian Dobson: We invest across the piece. We aim to build diversified infrastructure, private equity and private credit port- folios over three years.
Diversity of theme is key in those portfolios. Private equity, for example, is across buy-outs, special situations, growth and venture. We are also keen on Asia, which we see as a growth market, while technology and healthcare are long-term megatrends where growth is available. Border to Coast also has a climate opportunities sleeve, which invests across private credit, infrastructure and private equity. We see exciting opportunities around cleantech and hydrogen. Tom Sumpster: We focus on Solvency II-eligible instruments,
8 May 2022 portfolio institutional roundtable: Private markets
which are largely investment-grade debt. We invest much of the billions we are responsible for into real assets where we can influence communities and people’s lives in a positive way. In the UK, that means supporting the levelling up agenda. So, affordable housing, waste-to-energy plants and electric vehicle charging are good examples.
It is more than just the economic return we can deliver in pri- vate markets, but also the social value we can attribute to those instruments. We have other pools of capital. We are allocating mandates for private equity, real estate equity, infrastructure equity and ven- ture capital. Again, we are thinking about local economies and where best we can support industry to thrive. This is different to how insurers used to think, which was award- ing mandates to be deployed across public equity and fixed
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
