The asset management arm of Munich Re transferred three employees to New York to lead a push into infrastructure debt and equity investing in the Americas, according to sister publication SparkSpread.
The unit, MEAG Munich ERGO Asset Management (MEAG), is transferring the employees to its US division MR Infrastructure Inc. They are Rudi Stuetzle, senior vice-president, infrastructure debt; Malte Nowack, investment manager, infrastructure debt; and Martin Kaufmann, investment manager, infrastructure private equity.
They join Alexander Poll, who has led MEAG’s infrastructure equity investing efforts in the U.S. for the last three years.
The group is focusing on energy and infrastructure investments in the U.S., Canada and select assets in Latin America that have U.S. dollar-denominated revenue streams, an industry source told
MEAG made its debut energy infrastructure equity investment in the U.S. in
2014 with the purchase of a stake in Invenergy’s 288.6 MW Miami wind farm, which is located in the Texas Panhandle.
Elsewhere in infrastructure, MEAG recently acquired a 25% stake in SouthWest Water Company. The owner and operator of water and wastewater infrastructure in five states had previously been owned primarily by JP Morgan Asset Investment Fund, among other investor. Last year, MEAG was part of a consortium that acquired car park operator InterPark from Alinda Capital Partners in 2017.
The move marks a return to the U.S. for Stuetzle, who was a project finance banker at Bayerische Hypo-und Vereinsbank/UniCredit from 2006 to 2011.
He joined MEAG in Munich in 2014.
Kaufmann joined MEAG in 2016 from Ernst & Young in Munich, where he worked in the transaction advisory services group.
Nowack was an analyst at a private equity fund in Sao Paulo prior to joining MEAG in 2014.
Officials at MEAG did not return calls seeking comment.