Macquarie reshuffles MIDIS leadership team

Kit Hamilton and Tim Humphrey will serve as co-heads of the infrastructure debt platform as MIDIS’s co-founders James Wilson and Andrew Robertson step down but ‘remain closely involved’ in the business.

Five years after its launch, Macquarie’s global infrastructure debt asset management business has two new co-heads at the helm in what one source called “a natural transition”.

The Australian fund manager has chosen Kit Hamilton and Tim Humphrey to co-lead Macquarie Infrastructure Debt Investment Solutions, two executives who have been with the business for several years.

Hamilton, who began his career in infrastructure finance at Dresdner Kleinwort, joined Macquarie in 2010 as part of the infrastructure debt advisory team within Macquarie Capital, according to a statement. He joined MIDIS in 2012 and has served as the head of the investment team since 2015.

Humphrey joined MIDIS in 2013 and became head of the investor solutions team in 2015. Both will continue in their respective roles in addition to serving as MIDIS co-heads, the source told Infrastructure Investor.

Hamilton and Humphrey are succeeding James Wilson and Andrew Robertson, co-founders of the MIDIS platform. “James will continue as chief investment officer of MIDIS and chairman of the investment committee,” Macquarie said in its statement.

“Andrew will assume broader responsibility in Macquarie’s Sydney office where he is working on a related but expanded set of illiquid credit business development opportunities,” the firm said, without providing further details.

A spokeswoman for Macquarie declined to comment.

According to our source, Robertson has returned to his native Australia and will be pursuing new opportunities within Macquarie. He will also continue to work with MIDIS and the broader Macquarie Specialised Investment Solutions business in Sydney on several new business development opportunities, the same source said.

Since its inception in 2012, MIDIS has raised more than £5 billion ($6.6 billion; €5.7 billion), Macquarie said in the statement.

According to Infrastructure Investor data, Macquarie Infrastructure Debt Fund I and II have raised £829 million and £110 million, respectively. Both are UK-inflation linked. The firm is in the process of raising a third vehicle – the Global Infrastructure Debt Fund – which reached a third close in April on €409 million and is now more than 90 percent invested, having backed transport projects, utilities and other renewable energy sites in the UK, Continental Europe, the US and Australia.