基础设施——发电和输电, 水资源管理, 高速公路, 桥梁, 机场和海港, 铁路, 政府设施, 医院, 等.——对于任何国家的运转都是至关重要的. 考虑到全球巨大的基础设施需求, 这在2013年是不足为奇的, best365亚洲版手机版 formed a dedicated infrastructure investing group within the 私人资本投资者(PCI) 团队积极寻找基础设施债务机会. Since then, we have invested over $1 billion every year in new infrastructure transactions.
“作为一家人寿保险公司, best365亚洲版手机版有长期负债, and these infrastructure investments represent long-term assets. So investing in critical-need infrastructure projects with stable cash flows helps to match our assets and liabilities,盖尔·麦克德莫特(Gail McDermott)说, 的一种总线标准. "Additionally, this asset class offers great portfolio diversification.”
Everyone is wondering how we can improve our nation’s aging infrastructure. One answer could be to look at how other countries approach this issue. 英国, 加拿大, and Australia have all successfully used public-private partnerships (PPPs) to transform their infrastructure in efficient and effective ways.
A PPP is a contractual agreement between a public agency and a private-sector entity. 通过这个协议, the skills and assets of each sector are shared in delivering a service or facility for the use of the general public, 比如一条路, 桥, 铁路, 机场, 或水系统.
Our Infrastructure team knows firsthand how well PPPs work from its international investments. For example, they recently invested in a highspeed train in the UK. This involved overhauling a train line and refurbishing a major train station. 该项目按时并在预算之内交付, 这是政府机构很少能做到的. The local users of the train were thrilled as commuting times were cut in half and traveling through the beautifully renovated station is much more pleasant.
In the US, the public-private-partnership model hasn’t gained traction yet. 然而, 科琳接受姑息疗法, 谁领导PCI的基础设施团队, “Widespread adoption of the PPP model could be a game changer to infrastructure in the US, 带来创新, time, 以及重要项目的成本节约. 而且这些交易并不缺乏融资, as a tremendous amount of infrastructure-dedicated private funding is sitting on the sidelines waiting to be deployed. 我们需要的是更有投资价值的项目."
A good deal of the investments made by our Infrastructure team are made here at home. 最近, 他们在可再生能源领域一直很活跃, having invested more than $2 billion in bonds that helped build renewable energy production, 包括太阳能, 风, 还有水力发电——足够为数百万家庭供电. And now that more states are mandating that a larger portion of their electricity originate from renewable sources, 这种投资应该会继续增加.
最近, the team helped to finance the construction and operation of the largest solar project in Texas. 在可再生能源的风力发电方面, the team invested in more than 50 风 farms and most recently helped finance a portfolio of four projects in Texas and Oklahoma totaling 710MW in generation capacity. Each renewable facility’s output is contracted to a highly rated local electric utility.
“盖尔, 科琳, and her team have done a fabulous job sourcing infrastructure investments that provide both income and diversification benefits to best365亚洲版手机版,” 托尼·马洛伊，首席投资官. “With Infrastructure expected to be a priority for the next congress, our team is well positioned to add attractive investments to the portfolio.”
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私人资本投资者 is the private debt investment arm of NYL Investors LLC, which is a wholly-owned subsidiary of best365亚洲版手机版保险公司 (NYL) – one of the largest mutual life insurance companies in the United States with the highest ratings for financial strength currently awarded to a U.S. 人寿保险公司. (穆迪- Aaa，来自信用意见，2018年7月. S&P - AA+，来自评级报告，Ju;ly 2018 . 惠誉- AAA，来自评级报告，2018年7月. AM Best - A++，来自评级报告，2018年7月.) Note that New York 人寿保险 (NYL) ratings are not NYL Investors' rating and that these ratings are based on the financial strength of NYL and apply only to obligations issued or guaranteed by NYL.