people

The firm, which has to date mainly operated in New Zealand and Australia, has appointed 14 partners spanning APAC, Europe and the US.

The fundraising specialist arrives at Apollo amid an anticipated launch of a third infrastructure vehicle later this year.

The departures follow on from the recent exit of Tom Murray, who was managing director for the group’s credit business and had joined from Apollo in 2019.

Product diversification markedly narrowed the gap last year between core and PE infra funds, as record demand boosted junior salaries.

The rise of infrastructure and inclusion of listed equities and private credit have revolutionised the concept of real assets. Investors must now take a more holistic approach to portfolios, says CBRE Investment Management’s head of client solutions Bernie McNamara.

Senior partner Torbjorn Caesar described the appointments as a ‘statement of intent’ for Actis, as it pursues more opportunities in Asia.

Jennifer Powers, GIP’s head of credit since 2017, and Reiner Boehning, a partner who helped establish the credit business in 2012, have both left the firm.

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The Dutch manager was targeting €1.1bn for the dual senior and junior offering but has been unable to generate sufficient interest.

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