M&G Investments (M&G) has appointed Paul Haegy as the new head of Infrastructure Debt and Private Placements within its private markets division, which manages £81 billion. Paul will lead the development of M&G’s infrastructure debt origination and structuring opportunities as part of the firm’s goal of becoming Europe’s leading private markets asset manager, leveraging the long-term capital of its Life business.
Paul joins M&G after more than 15 years at Goldman Sachs, where his most recent role was head of infrastructure and energy financing for the EMEA region, an area in which he developed and expanded a multibillion-dollar financing franchise. His expertise in energy transition, digital infrastructure, and complex credit structures will help strengthen M&G’s position as a major European investor in infrastructure debt, with the ability to originate and structure opportunities that support the execution of scalable mandates for institutional clients. This includes deploying capital from M&G’s Life business, which re-entered the pension risk transfer market in 2023 to support a £26 billion annuity portfolio and aims to underwrite between £3 billion and £4 billion in annual transactions.
Paul will report to James King, head of M&G’s £24 billion private and structured credit platform, who has more than 25 years of experience in European private credit and maintains an established presence in European infrastructure, private placements, and structured credit. The platform is supported by shared origination, analysis, and portfolio structuring capabilities to deliver long-term, outcome-oriented solutions for both the Life business and external investors.
“Paul brings extensive experience in infrastructure finance and structured finance at a time when institutional capital is expected to play a key role across Europe. His appointment strengthens the growth of our European private and structured credit platform, where the long-term capital of M&G’s Life business is combined with third-party capital to provide lasting solutions for our clients,” said James King, head of Private and Structured Credit at M&G Investments.
For his part, Paul Haegy, head of Infrastructure Debt and Private Placements, added: “In Europe, infrastructure debt offers a highly attractive investment opportunity in an environment where substantial private capital is needed to address priorities such as the energy transition and defense amid constrained public spending. M&G’s experience across multiple market cycles, combined with strong origination capabilities and deep credit expertise, positions the firm ideally to provide institutional investors with scalable access to resilient, long-term infrastructure debt opportunities.”
By Magdalena Martínez