OTPP names new Latin American infra chief

Dale Burgess, a 13 year-veteran of the Canadian pension’s infrastructure group, was instrumental in sealing OTPP’s formation of renewables joint venture Cubico.

The Ontario Teachers’ Pension Plan (OTTP) has appointed Dale Burgess as head of its Latin American infrastructure team.

In his new role, Burgess will be responsible for both transaction execution and asset management activities in the utilities, power and transportation sectors. He will report to Andrew Claerhout, global head of infrastructure and natural resources.

Burgess, who joined OTPP in 1996, started off as an assistant portfolio manager in the real estate investment group. He joined the infrastructure team in 2003.

Key transactions Burgess has worked on include the creation of Cubico Sustainable Investments (Cubico), a London-headquartered joint venture platform teaming Spanish bank Banco Santander, Public Sector Pension Investment Board and OTPP.

Cubico seeks to invest in renewable energy and water infrastructure assets globally. Launched with a seed portfolio of 19 wind, solar and water assets previously owned by Santander, it bought two Brazilian wind farms for BRL2 billion (€444 million; $495 million) and opened an office in São Paulo last month.

Burgesses’ appointment was announced alongside three other promotions within OTPP’s private equity and portfolio construction teams.