Global energy transition investment firm looks to drive continued growth of its sustainable infrastructure credit business.
Denham Capital, the global energy transition investment firm, has announced the appointment of Paul David as operating partner for its sustainable infrastructure credit platform.
David brings 35 years’ experience in infrastructure credit and investment management across a variety of geographies and investment segments, including institutional investment, insurance guarantees and banking. He has held senior positions at both Allianz Global Investors and MBIA.
He has a proven track-record of founding and developing new investment ventures and in his most recent role at Allianz Global Investors, David was one of the founding members of the infrastructure debt team that successfully established the platform in Europe. Following this, he established the Americas infrastructure debt team, building an investment team, fundraising from third-party institutional investors and identifying strategic opportunities across geographies and sectors, resulting in growing the business to over $8bn of assets under management from nothing.
Denham’s sustainable infrastructure credit business is a direct origination platform for both investment grade and high-yield private infrastructure credit. The platform holds investments in sustainable infrastructure assets across the US, Latin America and Europe, and is expecting to reach $2bn of gross deployment by the end of 2025, across over 40 transactions. Since the platform’s inception in 2021, the team has executed investments across wind, solar, clean data centres, batteries, hydro, biogas, transmission and utility assets, across multiple geographies and currencies.
Justin DeAngelis, global head of sustainable infrastructure at Denham Capital, said: “With an exceptional track record in fundraising and investing, Paul is ideally positioned to drive the continued growth of our sustainable infrastructure credit business. In the short time since the platform was established in 2021, our credit team has executed a high volume of transactions across geographies and asset classes. We are delighted to welcome Paul to Denham Capital and I look forward to working together closely to build upon the business’s success to date.”
Paul David, operating partner at Denham Capital, added: “I am excited to be joining Denham at a time of dynamic growth for its sustainable infrastructure credit business. I look forward to working alongside the Denham team and in particular with Jorge, with whom I worked at Allianz Global Investors with great success. I am impressed with what the credit team has already achieved in a relatively short period of time, and I look forward to building on the platform’s success and to help expand our client base.”
