DWS today announced the appointment of Stephen Davies as Senior Principal in its London-based Infrastructure Investments team, reporting to Hamish Mackenzie, Head of Infrastructure.
Davies' responsibilities include leading the acquisition financing and refinancing of portfolio companies as well as managing the relationships with lending banks and other financing counterparts for DWS's series of Pan-European Infrastructure Funds (PEIF).
Davies joins DWS with more than 15 years' experience as a debt advisor in the infrastructure market, with expertise across the full spectrum of funding sources including bank debt, private placements, bonds, and green and ESG-linked financing. Most recently, Stephen was an Executive Director at DC Advisory, overseeing a variety of transactions including the financing of a number of existing companies in DWS's infrastructure portfolio, including TCR Group, SAVE Group, NorthC Datacenters, Medipass Healthcare and Ermewa Group.
Prior to this, Davies was at The Royal Bank of Scotland (RBS) for ten years, where he held various roles including Infrastructure Financing Director, advising on and implementing a number of financing deals.
Davies' appointment follows the recent EUR 3 billion close of DWS's third Pan-European Infrastructure Fund (PEIF III) in June 2021, and marks continued growth within the DWS Infrastructure Investments team.
Hamish Mackenzie, Head of Infrastructure at DWS said: "We are pleased to welcome Stephen to DWS during this period of growth. Stephen is an experienced and established debt advisor in the infrastructure market and has strong relationships across all market participants, as well as significant product experience. Stephen will play a vital role within our Infrastructure Investments team as we continue to progress a robust pipeline with a consistent focus on the sectors that will further contribute to the long-term recovery and the sustainability of our economies."
Stephen Davies, Senior Principal, Infrastructure Investments at DWS added: "DWS has a strong position and track record in the infrastructure market and I am pleased to be part of a successful and experienced infrastructure team with a strong growth trajectory."
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About DWS Infrastructure
DWS has been investing in infrastructure assets since 1992. The global platform – which provides client solutions covering private equity infrastructure, debt and separate account mandates – gives investors access to such economic sectors as transportation, utilities, telecommunications, and other service sectors critical to the basic functioning of local and global economies. As part of the Alternatives platform, the direct infrastructure business holds over €11 billion in assets under management (as at March 31, 2021) and more than 40 infrastructure investment professionals. With 25+ years of direct infrastructure experience, DWS employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, and retirement plans worldwide.
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 859bn of assets under management (as of 30 June 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients' future.