The UN Conference on Trade and Development (UNCTAD) estimated, in September 2022, that total investment in economic infrastructure including power, transport, telecommunications, water and sanitation would need to rise to $4tn annually until 2030 to meet existing needs. Current levels of infrastructure finance are insufficient, with an estimated $2.5tn annual funding gap for developing countries to be able to realise the sustainable development goals (SDGs).
Pensions for Purpose hosted a morning coffee with ImpactA Global for a conversation on this significant gap and the growth of infrastructure debt as a global asset class.
During their presentation, ImpactA Global’s senior team explored the positive impact of infrastructure investment on people’s daily lives – for example, they highlighted the power of a one-dollar investment in emerging markets compared with the equivalent investment in developed markets. Likewise, they discussed the finance tools available to address demand, examine the relative value of emerging market infrastructure debt versus developed market infrastructure debt through the lens of risk and reward, and consider diversification.
A roundtable discussion followed the presentation, including the opportunity for Q&A.
The event was hosted by Martin Pattinson, Director at Pensions for Purpose.
Who is this event for?
The session was open to anyone involved in the governance of assets and pension funds such as trustees of corporate defined benefit plans, trustees of corporate defined contribution plans; master trusts; LGPS pensions managers and committee members, and in-house pension teams.
Sponsor
Audrey is a structured finance specialist with a focus on emerging markets. Her experience spans four continents and includes work in export credit agencies, project finance and sustainable finance for the renewable, utilities and infrastructure industries. She has worked for various international banks such as ANZ, Standard Chartered Bank, Mizuho, Crown Agents Bank and MUFG.
Since 2019, she has been Managing Director at ACL Impact, specialising in international business origination and fund-raising for corporates and projects with positive impacts. She has worked with the UK Export Finance department to develop their renewables pipeline and enhance business development efforts towards impactful transactions in emerging markets.
She holds Non-Executive Director positions with the Energy Industries Council (EIC) and assists with the Young Women into Finance Mentorship Programme.
Isabella Da Costa Mendes – Founding Partner, co-CEO – ImpactA Global
Isabella is an established professional in emerging markets with 30 years’ experience in law, investment banking, structuring, and consultancy. Her expertise lies in the structuring of complex transactions with a particular interest in sustainable infrastructure. In 2015, she founded Catara Consulting, a specialist in credit structuring in emerging markets jurisdictions.
Isabella’s background includes management of the advisory practice at FKS Capital Partners, a globally structured finance and principal investments firm. She has worked as Head of London and Africa Capital Solutions at Renaissance Capital, Head of Emerging Markets Credit Structuring at Morgan Stanley, and Executive Director at J.P. Morgan where she spent over 10 years, bringing financing of impact to over 40 jurisdictions.
Isabella is an independent non-executive director of ICBC Standard Bank plc, chairing its Board Risk Management Committee and a member of the NYU Law International Alumni Advisory Board.
Susan Ward – Partner and COO – ImpactA Global
Susan is an established finance professional with almost 30 years’ experience across investment banking, wealth management and impact capital. She spent over 20 years at J.P. Morgan, where she structured and executed complex capital solutions in debt, equity in leveraged finance, credit, and restructuring. She has also worked with corporates, project finance and high-growth start-ups in mature and emerging markets including Russia, Eastern Europe and Africa. As a senior member of the J.P. Morgan Reputation Risk Committee, Susan gained risk management experience assessing reputation, legal and regulatory risks associated with transactions, clients, products and markets across multiple jurisdictions.
Recently, Susan has built an advisory, structuring, and capital-raising practice; helping enterprises such as charities, foundations and funds access impact capital.
Victoria Miles – Founding Partner, co-CEO and CIO – ImpactA Global
As an expert in the delivery of innovative capital solutions for clients in emerging markets, Victoria brings thorough knowledge of project finance and infrastructure to ImpactA Global. Previously a Managing Director in J.P. Morgan’s London Emerging Markets team, where she has almost 30 years' experience centred on structured and bespoke investment in Latin America, the Caribbean, Eastern Europe, Central Asia and Africa. Moreover, her focus on infrastructure and complex finance in frontier and emerging markets has developed from her background in the provision of capital solutions for sovereigns, corporates and banks.
Victoria is a Board Advisor for Exagon Impact, a specialist Latin American infrastructure fund, and has spent five years as a Non-Executive Director on the Board of AccessBank as the European Bank for Reconstruction and Development’s Nominee Director and remains a Senior Advisor to Delphos International on bespoke projects.
Host
Martin has spent over 40 years in a variety of roles in property, banking and asset management across North America, Asia, EMEA but especially the UK institutional marketplace.
At Pensions for Purpose, Martin helps host our forums and works with colleagues on our member engagement programme, contributing to bringing our members together to inform, share knowledge, influence and advise, to achieve environmental and societal impact investment.
The Global Impact Forum
The Global Impact Forum is an industry-wide member forum hosted by Pensions for Purpose to facilitate meaningful industry discussions on how to embed social and environmental impacts at a strategic level, including in governance discussions, to encourage the flow of capital towards investments that have a positive impact. For more information, please email the Forum Lead.
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Pensions for Purpose acts as an information centre only. We do not endorse any content published on this website that originated from one of our members. For more information, please see the website terms of use
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