Igneo: 'I don’t want to be on the phone to clients explaining why our valuations dropped'

In this episode, editor-in-chief Bruno Alves sits down with Niall Mills, global head of Igneo Infrastructure Partners (infrastructureinvestor.com/database/institutio…).

Igneo has been investing in the mid-market since 1994 and is one of the first managers to feature on the podcast with a full fund realisation behind them. We spend a good part of our discussion dissecting the lessons learned from exiting the 2009-vintage European Diversified Infrastructure Fund I (infrastructureinvestor.com/database/fund-profi…), including why there’s value in a good auction process and the reasons behind Igneo’s decision to do quarterly valuations for their LPs.

The discussion also touches on the mid-market, including how managers in the space can capitalise on the booming digital infrastructure sector, and Igneo’s steadfast adherence to core/core-plus at a time when many managers are climbing up the risk curve.