A leading provider of European infrastructure investments for long-term income generation
As one of the largest non-bank lenders in Europe, our reputation as a trusted counterparty in European infrastructure provides access to a wide range of opportunities. Our dedicated and experienced origination team source high-quality infrastructure projects spanning debt and equity, with a focus on stable, long-term income generation. We combine proprietary research with sector and industry expertise to originate and structure transactions.
Environmental, social and governance (ESG) considerations are integrated into our origination process and ongoing management of projects. Where relevant, ESG factors are binding objectives of certain strategies and client mandates.*
Scale and reach
We are direct investors in infrastructure, utilising our extensive network to source opportunities. We utilise our in-house expertise together with specialist platforms to create long-term pipeline and scale.
Diversification and inflation hedging
We focus on delivering appropriate risk-adjusted returns from infrastructure where favourable supply and demand dynamics support the role of private investment. Rigorous relative value analysis is an essential part of our portfolio construction process.
Supporting the climate transition
As a leader in sustainable real assets, our investment capabilities include solutions that support the climate transition. We actively measure and manage carbon emissions that are avoided, reduced or removed, as an integral part of our investment process.
*ESG integration means the integration of ESG factors and consideration of sustainability risk as part of the investment decision making process. This process is applied beyond any specific binding constraints (in the objective or strategy of the fund as detailed in the prospectus or investment management agreement and in accordance with our Baseline Exclusions Policy). The investment manager retains discretion on decision making taking all risks into account, beyond any binding criteria.
Infrastructure strategies
Infrastructure debt
Senior debt invested in long-term, stable infrastructure assets across a wide range of sectors. Ideal for investors looking for stable cashflows with an attractive risk/return profile, and to capture the illiquidity premium.
Infrastructure equity
Direct investment in lower to middle market infrastructure opportunities in Europe with the aim to deliver stable, long-term returns to our clients. We invest in the energy, mobility, digital and social infrastructure sectors which accelerate and benefit from the transition to a low-carbon economy.
Key risks of infrastructure investing
Investment risk
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
Valuation risk
Where funds or mandates are invested in real assets such as infrastructure, investments may not be able to be sold, realised or liquidated when you want because the infrastructure assets may not always be readily saleable. If this is the case, we may defer your request or instruction regarding your investment. Investors should also bear in mind that the valuation of real assets such as infrastructure is generally a matter of valuers’ opinion rather than fact.
Investment insights
Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.
-
MegaTRENDs: Why TRENDs matter for investing in private markets
27 Jun 2025
A set of megatrends is reshaping the world, creating new opportunities and risks for investments in private markets.
-
Illiquidity premia in private debt: Q1 2025
16 May 2025
In our latest private markets deep dive, our research team crunches the data to see how evolving macro conditions are reflected in private debt returns.
-
Private debt for DC pensions: The multi-sector opportunity
11 Feb 2025
As the search for better retirement outcomes for the 28 million members of the UK’s defined contribution (DC) pension schemes continues, where are the opportunities for DC investors in private debt and how can they be harnessed?
-
Relative value in private markets: Positive but selective
29 Jan 2025
Using proprietary data, our private markets research team compares risk and return across sectors.
-
Illiquidity premia in private debt: Q4 2024
27 Jan 2025
In our latest private markets deep dive, our research team crunches the data to see how evolving macroeconomic conditions are reflected in private debt returns.
Private Markets Study 2025
In the seventh edition of the study, we collected the views of 500 institutional investors around the world. We delved into some of the key questions facing private market investors today: Why do they invest in private markets? How do they expect the asset classes to perform over the next few years? What are the biggest barriers to investing today? And how do they incorporate sustainability?
House View
No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.
Infrastructure team
Meet our Infrastructure investment team.
Angenika Kunne
Managing Director, Head of Infrastructure Equity
Darryl Murphy
Managing Director, Infrastructure
Florent del Picchia
Head of Euro Infrastructure Debt
Explore
Private markets
As one of Europe’s largest private markets investment managers, we have the scale to access the full depth and breadth of private markets.
Important information
This site is intended for U.S. Institutional Investors only. If you are not a U.S. Institutional Investor, please visit the global Aviva Investors homepage.
The content on this site is provided for informational and educational purposes (“Online Content”) only, and nothing herein constitutes investment, legal, accounting or tax advice. The Online Content is general in nature, not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions and the appropriateness of this material should be made based on an investor's individual objectives and circumstances and in consultation with their advisors. Views expressed in “posts” (including podcasts, videos, blogs and social media) by Aviva Investors’ personnel are not necessarily the views of Aviva Investors or its respective affiliates.
Information, examples and any charts shown in the Online Content are for information purposes only current as of the date of this material and is subject to change without notice. Information is obtained from third party sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. In addition, posts may include third-party advertisements; Aviva Investors has not reviewed such advertisements and does not endorse any advertising content contained therein.
This material shown in the Online Content is of Aviva Investors' own opinion and may include estimates, outlooks, projections and other “forward-looking statements.” Past performance does not predict future returns. There can be no assurances that the investment objectives will be achieved or investment strategies will be successful. Investments in fixed income entails risk. Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.
Aviva Investors Canada Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration as an investment adviser does not imply any special skill or training. Aviva Investors products and services may not be available in all jurisdictions or to all client types.
Except as otherwise authorized, this information may not be shown, copied, transmitted, or otherwise given to any third party without Aviva Investors' prior written consent.