Melbourne-based IFM Investors has appointed Rich Randall as global head of debt investments to replace Robin Miller.
Randall, currently executive director of debt investments, will oversee the firm's debt investment activities and relationships with investors internationally.
Miller, who is set to semi-retire, will remain with IFM as a senior advisor and chair of its investment committee.
Starting his new role in July, Randall will continue to be based in the firm’s New York offices. He will report directly to IFM chief executive Brett Himbury.
Randall has more than 20 years of experience in originating, analysing, structuring and arranging debt facilities for large infrastructure projects. Before joining IFM in 2013, he spent 10 years at RBS, where he was responsible for the bank’s $3 billion portfolio of infrastructure investments. Prior to that he held vice president positions at Calyon and Trust Company of the West, currently known as EIG.
“Rich’s proven expertise in sourcing debt opportunities and team management makes him an ideal lead for our global team, which includes dozens of professionals spanning three continents,” said Himbury.
Randall's promotion comes as IFM seeks to raise a US-focused pooled debt vehicle, a first for the manager. The fund is eyeing an initial $400 million first close by the early summer, targeting returns of between 400 and 600 basis points over LIBOR.
Melbourne-based IFM has traditionally raised money for infrastructure debt investments through global separate accounts.