Monday, September 23rd, 2013
In the conference season, Jason Green, Senior Advisor at Portland, chaired a panel discussion amongst institutional investors and asset managers at Euromoney’s inaugural Institutional & Alternative Lending conference in London on 19th-20th September.
With representatives from Allianz Global Investors, Legal & General Investment Management, Aviva Investors and the world’s largest asset manager, Blackrock, Jason guided the panel through a lively discussion of how the big institutions are providing liquidity to Global Project & Infrastructure deals in the wake of continued bank market weakness. Topics covered included the growth of privately-placed institutional debt as an alternative to bank finance and traditional public securities, the increased acceptance by pools of investors of greenfield project risks and some of the implications of Solvency II on institutional appetite. Many of the top credit managers, opportunities funds and direct lending institutions, all known to Portland Advisers, were present. They are playing a growing and increasingly important role in global financing markets, not only in addressing market failure, but as key providers of liquidity for high quality, long term projects.