R&M Raids Aviva to Launch Infrastructure Funding Unit – Funds Europe Journal

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Solar panels for wind turbinesUK fund supervisor River & Mercantile (R&M) has prompted former Aviva head of infrastructure capital, Ian Berry, to steer his personal foray into the infrastructure funding market.

The transfer is a part of a progress technique introduced on the finish of final 12 months that goals to double the corporate's property underneath administration over the following 5 years and to focus extra on merchandise than companies.

The primary product Berry will develop shall be an infrastructure fairness revenue fund aimed toward institutional shoppers. The fund will search to deal with “long-term infrastructure” that helps “power and digital transition”.

Based on R&M, Berry shall be joined by former colleagues "within the close to future" to assist launch a collection of infrastructure investments.

Berry was initially employed by Aviva in 2009 to develop its infrastructure enterprise. Beforehand, he spent two years at BlueCrest Capital working within the renewable power infrastructure trade.

R&M Group Managing Director James Barnham praised Berry's observe file within the infrastructure market, including that infrastructure "is taking part in an more and more vital function in portfolios."

In his annual report, launched in October 2020, Barnham spoke of shifting the corporate's focus from advisory and belief companies to delivering merchandise to a wider vary of markets.

The corporate additionally stated it’ll add new divisions as wanted to assist the technique.

R&M additionally employed Aberdeen Funding founder Martin Gilbert earlier this 12 months after leaving Aberdeen Normal Investments.

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