IFM expands infra debt team in New York

The Australian fund manager has named Jessica Egan Thompson associate director of North American debt investments, further growing its infra debt team.

Jessica Egan Thompson, who has been appointed associate director of North American debt investments, is the latest addition to IFM Investors’ infrastructure debt team in the US, the Australian fund manager said in a statement.

Thompson will report to Rich Randall, who joined IFM as executive director of North American debt investments in October 2013.

In her new role, Thompson will be responsible for originating, executing and managing infrastructure debt investments for the infrastructure fund manager’s institutional investors.

She joins the firm from the Royal Bank of Scotland, where she served as vice president of power project finance since 2012. In that role, Thompson was responsible for executing structured project financing, capital raising and advising clients in the power, utilities and renewables sector, according to the statement.

“Investment opportunities in infrastructure debt are growing and institutional investors are taking note as they continue to experience low returns from traditional fixed income portfolios,” Randall said.

Investing in infrastructure debt for the past 15 years, IFM expanded its capability in the space in the UK and Europe with the appointment of David Cooper as executive director of debt investments in December 2012.

This past June, it hired John Carey as investment director of European infrastructure debt.

“All told, a total of six investment professionals have joined IFM Investors’ debt teams in the US and UK in the past 18 months,” IFM said.

Based in Melbourne and founded more than 20 years ago, IFM is owned by 30 major Australian pension funds and as of March 2014 had $48 billion in assets under management.

Its global infrastructure debt team, which is made up of 21 investment professionals, manages more than $2 billion in infrastructure debt investments.