Our approach
We leverage our integrated real asset platform to design multi-asset solutions that meet a wide variety of our clients’ long-term investment and return objectives. By drawing on the expertise of our teams across real estate, infrastructure, and structured and private debt we source unique deal opportunities and deliver efficient deployment of capital.
Through our scale and experience, we have deep, direct market access and high visibility of off-market deals. Being able to rely on a team of 340 highly-skilled professionals gives us unparalleled access to mainstream and niche sectors, and the ability to manage the complexity of real assets – and their risks – with the aim of delivering robust risk-adjusted returns.
We also embed environmental, social and governance (ESG) considerations throughout the investment process, from origination through to due diligence and approvals to development, management and reporting. These are, however, non-binding.
Benefits
Investors can access the benefits delivered by each real asset type in their portfolio, with a bespoke design and construction to meet their requirements.
Key risks
Valuation risk
Where funds are invested in real estate / infrastructure, investors may not be able to switch or cash in an investment when they want because real estate / infrastructure may not always be readily saleable. If this is the case, we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuers’ opinion rather than fact.
Real assets team

Daniel McHugh
Chief Investment Officer, Real Assets

Ben Sanderson
Managing Director, Real Estate

Darryl Murphy
Managing Director, Infrastructure

Melanie Collett
Head of Asset Management

Mark Meiklejon
Head of Real Asset Investment Specialists

James Tarry
Senior Portfolio Manager, Alternative Income
Need more information?
For further information, please contact our investment sales team.
Explore our real assets range
Sustainable real assets in the spotlight
Just when we thought things were returning to normal after the social, economic and market upheaval caused by the pandemic, the events of 2022 presented new challenges for investors. It was in that context in late 2022 that we took the pulse of key investment decision makers at 500 institutional investors representing a combined $3.5 trillion of assets on their appetite for real assets, including those with a sustainable focus. Read the results in our Real Assets Study 2023.

Real assets views
-
Real Assets
Out with the old: Why real estate investors need to work harder, smarter, better
30 Mar 2023
Faced with a more challenging outlook for returns, real-estate equity investors must get more sophisticated and active, argue Ben Sanderson and David Hedalen.
-
Equities
The investment implications of peak fossil fuels
24 Mar 2023
Energy analyst Kingsmill Bond considers if peak fossil-fuel consumption has been reached and whether investors appreciate the implications.
-
Real Assets
Access all areas: Multi-asset investing in real assets
20 Mar 2023
Zoe Austin makes the case for a multi-asset investment approach in real assets.
-
Real Assets
Finding secure income in inflationary times
16 Mar 2023
Renos Booth, Isabel Gossling and Kris McPhail discuss what real estate long-income strategies can deliver in the face of spiking inflation across Europe.
-
Equities
Gas versus renewables: Does natural gas have a future?
8 Mar 2023
The war in Ukraine has thrown up huge uncertainties around the role of gas in the energy system. Experts from our credit, ESG and real assets teams discuss the implications for traditional energy and renewables companies.
-
Real Assets
To build or not to build, that is the question: Decarbonising the built environment
28 Feb 2023
We assess the financial and environmental pros and cons of developing new buildings versus retrofitting old ones.
-
Real Assets
Finding a new equilibrium: What’s next for real estate debt?
24 Feb 2023
Gregor Bamert discusses what lies ahead for the sector in 2023.
-
Real Assets
Illiquidity premia in real assets: Q1 2023
23 Feb 2023
Our real assets research team crunch the data to see how rising inflation and interest rates are reflected in private market returns.
-
Real Assets
Pragmatism, policy and pace: An interview with Julie Hirigoyen
20 Feb 2023
The chief executive of the UK Green Building Council sets out her blueprint for a net-zero-aligned property and construction industry. Words by Miles Costello.
-
Real Assets
When equity becomes debt: The untapped potential of amortising-lease real estate
15 Feb 2023
Institutional investors seeking alternatives to bonds may find amortising leases a compelling option, writes Mark Wells.
-
Real Assets
Why London remains the ultimate city of the future: Assessing the prospects for London real estate in a post-Brexit, post-COVID world
30 Jan 2023
Brexit and the post-COVID shift in working patterns have changed the landscape of London real estate. But the city remains well-positioned as a key hub in the global knowledge economy, as Jonathan Bayfield, James Stevens and Ed Atterwill explain.
-
Real Assets
Why infrastructure investors better beat beta: End of cheap-money era brings risks and opportunities
25 Jan 2023
Benign macroeconomic conditions have boosted infrastructure investments over the past decade. But with higher interest rates, investors in the asset class will have to show they can create true value, says Darryl Murphy.
-
Real Assets
Resilience, renewables and rates: The prospects for infrastructure debt in 2023
12 Jan 2023
Infrastructure demonstrated characteristic resilience in 2022 in the face of significant headwinds. Sinéad Walshe and Florent del Picchia from our infrastructure debt team expect more of the same this year.
-
Real Assets
The (re)price is right – how long-term investors can capitalise on a turbulent time for real estate
11 Jan 2023
Despite the ongoing turbulence in commercial real estate, Daniel McHugh discusses why market repricing represents an opportunity for long-term investors.
-
Real Assets
Building to net zero: The outlook for climate transition real assets
8 Dec 2022
James Tarry and Luke Layfield explore how the accelerating climate transition is creating risks and opportunities for real assets investors.
-
Real Assets
From trials and tribulations to the best opportunity in a decade: The outlook for multi-asset real assets
21 Nov 2022
James Tarry and Luke Layfield assess the impact of recent market volatility across real assets and highlight the wealth of investment opportunities for multi-asset investors that could emerge in 2023.