Hong Kong Summit 2019

12-14 November Hyatt Regency

Exclusive interview with Boe Pahari, AMP Capital Boe Pahari Managing Partner, Global Head of Infrastructure Equity AMP Capital

What are the main drivers boosting Asian LPs’ interest and we see the influence of the underlying trends which in the asset class? support our sector focus – globalisation, digitalisation, urbanisation and ageing populations – to be just as prev- Commitments from Asian investors have played an important role in expanding AMP Capital’s AUM across as- alent in the Asia-pacific region as anywhere else in the set classes and there are a variety of factors which have world. These trends are rapidly changing the world and contributed to increasing interest from Asian investors in how investors respond will shape future success. As the infrastructure. Firstly, there are growing pools of capital population rises and becomes increasingly globalised, to invest, and a material need for investment in the essen- it creates a huge opportunity for emerging markets air- tial service businesses that define infrastructure in their ports infrastructure, for example, if you have the right own regions, much of which can’t be funded sufficiently sector knowledge and expertise. by public sector means. We view the Asia-Pacific region as having a lot of oppor- There is an increased familiarity, understanding and ca- tunity, with a young population, high economic growth, pabilities around the asset class, for example where peo- increasing consumption, rapid social and infrastructure ple have gained infrastructure experience working in growth and positive impact of globalisation as highly other markets, or partnering with foreign infrastructure attractive and creating the right environment for us and parties. There is also a growing need for diversification our global investors to pursue interesting opportunities from investment returns, as well as increasing demand, in our chosen sectors. and spending power, for world class infrastructure ser- How does AMP Capital find the right opportunities in vices and businesses, particularly amongst the growing the crowded mid-market sector? middle classes. We don’t find the mid-market sector crowded, certainly What opportunities does AMP Capital see in the infra- not by investors with a global presence like us. We typ- structure space in the Asia-Pacific region? ically see competition from a small number of local/re- Our investment strategy focuses on four key sectors, gional managers, but in our view it’s a lot more crowded communications, energy, transport and infra health, in the large cap space where it is increasingly dominated

www.infrastructureinvestor.com/hongkong | #iiHongKong Exclusive interview with Boe Pahari, AMP Capital

by direct investors and a few large managers. How is AMP Capital incorporating ESG considerations into their investment strategy? At AMP Capital we utilise our extensive knowledge and expertise in each of our four target sectors, communi- ESG is important to us, and to our clients. It is critical to cations, transport, energy and infrastructure health, to AMP Capital’s investment philosophy and active asset identify attractive opportunities for our client base. We’re management approach, as is our commitment to running highly selective and very disciplined in our approach to well managed businesses. potential investments, and our expansive active asset When investing in and managing infrastructure assets, management capabilities means that we can differentiate we view ESG issues the same way we do other investment our investment propositions and have conviction around risks, focusing on identification and mitigation as part of our ability to deliver our investment case. our due diligence, including the appointment of external We have an experienced team with large and diversified ESG specialist advisers where appropriate. networks across each of our sectors and we focus on high Our focus on ESG is also consistent with investing in long quality operational businesses with significant scope for term sustainable businesses, which provide attractive growth and development, including through our active outcomes for our clients and improving the lives of peo- asset management. Platforms are consistently a core part ple and our environment. This might be through initia- of our strategy, consistently providing opportunities for tives designed to reduce the more destructive aspects ongoing capital deployment and material value creation. of human footprint, to improving the daily lives and expe- We also focus on building long term, trusted relation- riences of people who use or are impacted by our infra- ships with clients, partners and other stakeholders that structure businesses, and through promoting transpar- often leads to further opportunities, including on a ency and equality, for example management and board proprietary basis. composition, and good corporate governance.

Boe Pahari will feature as one of three incredible keynote speakers at the Hong Kong Summit

Ang Eng Seng CIO – Infrastructure GIC

Boe Pahari Managing Partner, Global Head Dr. Jim Yong Kim of Infrastructure Equity Former World Bank Group AMP Capital President, one of TIME’s “100 most influential people”

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www.infrastructureinvestor.com/hongkong | #iiHongKong Hong Kong Summit 2019 12-14 November Hyatt Regency

Confirmed attendees include: »» Abu Dhabi Investment Authority »» Deloitte »» Multilateral Investment Guarantee Agency »» AIA Company »» Digital Bridge and Digital Colony »» Nan Shan Life Insurance Co Ltd »» Al Rashed Global Holding »» Digital Bridge Holdings »» National Investment and Infrastructure »» Alberta Investment Management »» Ecoplexus Fund (NIIF) Corporation (AIMCo) »» EDF Renewables »» National Pension Service of Korea (NPS) »» Alinda Capital Partners »» EDHEC Infra »» NH Investment & Securities »» Amarenco Group »» ENEA Consulting HK »» NH-Amundi Asset Management »» Ambit Private »» Envision Energy »» NORD/LB »» AMP Capital Investors UK »» EQT Partners »» OMERS »» APG Asset Management »» First Avenue Partners LLP »» Ontario Teachers’ Pension Plan »» Asia Research & Engagement »» Fluence »» OPTrust »» Asia Wind Energy Association »» Future Fund »» ORIX Corporation »» Asian Development Bank »» Gardior »» Ørsted Offshore Wind »» ASMA Capital Partners BSC »» GIC »» Ostium Consulting »» Aspada Investment Advisors »» Glennmont Partners »» Overseas Private Investment Corporation »» Atkins »» Global Infrastructure Partners »» Palisade Investment Partners »» AustralianSuper »» GMR Infrastructure »» Partners Group »» AXA China Region Insurance »» Green Climate Fund »» Pereim SA »» Ayima »» Hinrich Foundation »» Prudential Corporation Asia »» Bank of Yokohama »» Hoi Ping Ventures »» QIC »» bfinance »» Hong Kong Monetary Authority »» Samsung Fire & Marine Insurance (SFMI) »» BlackRock »» HRL Morrison »» Sarona Asset Management »» BloombergNEF »» HSBC Insurance »» Saudi Aramco »» BlueOrchard »» Hsh Nordbank AG Singapore »» Silk Road Associates »» BOC Life »» Hyundai Insurance »» Sompo Japan Nipponkoa Insurance »» Caisse de depot et placement du Quebec »» IFC - International Finance Corporation »» State General Reserve Fund Ministry of (CDPQ) »» ILX B.V. Finance »» Campbell Lutyens »» Invest India »» StepStone Group »» CapMan Infra Management »» IPIF Management »» Sterlite Investment Managers »» China Ping An Insurance Overseas »» JIDA Capital »» Sterlite Power Transmissio »» China Water Risk (CWR) »» Jinko Solar »» Sumitomo Mitsui Banking Corporation »» CIC Capital Corporation »» Kookmin Bank »» Sumitomo Mitsui Trust (Hong Kong) »» Cigna Investment Management »» KPMG »» Sun Life Financial Asia »» Commonwealth Superannuation »» Lensbridge Capital »» SYSTEMIQ Corporation »» Logie Group Limited »» The Lantau Group »» CPP Investment Board »» Macquarie Capital »» Vantage Infrastructure »» CPPIB Asia »» Manulife »» Vibrant Energy Holdings »» Credit Agricole CIB »» Mercatus »» Vietracimex »» CRISIL »» Meritz Securities »» Wpd Invest »» CS Capital »» Mirae Asset Daewoo »» WWF-Hong Kong »» DBJ Asset Management »» Mitsubishi Corporation (Hong Kong) »» DEG »» Mitsubishi Corporation Asset Management Join the leaders in global infrastructure today. BOOK NOW 