MIRA hires Asia-Pacific energy specialist

The Australian fund manager is currently raising its second Asia-focused infrastructure vehicle, with a $300m commitment secured from AIMCo last month.

David Baldwin, former chief executive of Origin Energy’s integrated gas business, has joined Macquarie Infrastructure and Real Assets as an executive director to manage the firm’s energy assets across Asia-Pacific. 

With his new role commencing next Monday, Baldwin is expected to bring his 30 years’ experience of building and managing traditional and renewable energy to the Australian outfit, which managed more than $65 billion of energy and utilities assets across its funds as of end of March. 

Prior to his most recent role at Australian electricity and gas supplier Origin, he had been the chief executive of Contact Energy, a power producer in New Zealand, and worked for Berkshire-backed energy company MidAmerican Energy in Indonesia, the Philippines and the US. 

“As our Asia-Pacific infrastructure platform continues to grow, Baldwin will bring extensive regional experience in energy and utilities with a proven track record of successfully managing businesses to drive profitability and growth,” said Ben Way, co-head of MIRA Asia-Pacific. 

“Our approach to asset management on behalf of our investors is to build regionally focused teams made up of operational and investment experts, with deep knowledge of the sectors we operate in,” he added. 

MIRA has been investing in Asian infrastructure since 1994 and currently has a portfolio of more than 60 infrastructure and real estate assets across eight countries. It runs a number of vehicles targeting China, India, the Philippines, Korea and pan-Asia. The firm is now raising its second Asia-focused infrastructure vehicle, with a cornerstone commitment of $300 million from Canada’s AIMCo secured in August. 

MIRA-managed funds have $17.2 billion of assets under management in Asia-Pacific across infrastructure, real estate, agriculture and energy.