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Corporate overview

UBS Asset Management’s Real Estate & Private Markets (REPM) business is one of the largest asset managers in real assets worldwide, currently managing over USD 110bn globally. By combining the joint expertise of over 500 talented people working across Direct Real Estate and Direct Infrastructure as well as Multi-Manager Solutions in Real Estate, Infrastructure and Private Equity, we believe we can offer clients integrated solutions to optimize the diversification of client portfolios, whether that be in targeting access-restricted private equity funds or niche real estate funds.

Recent highlights

  • REPM Infrastructure acquires a 49.9% stake in Phoenix Wind Repower LLC, a portfolio of three wind farms located in Texas, USA, on behalf of its infrastructure equity strategy
  • REPM Infrastructure mandate with a major US pension plan increased by USD 500m bringing total commitments to USD 800m

Our vision and beliefs

REPM Infrastructure invests globally across the key infrastructure sectors including energy, utilities, transportation, telecommunications and social infrastructure. Established in 2007, our dedicated team of specialists operates out of six international offices and manages over USD 4.5 billion in institutional client commitments.

At REPM we are committed to acting as responsible investors. UBS has established a comprehensive approach to environmental and social factors, and to corporate governance across each of the investment disciplines.

Responsible ownership and operation of real property can have a significant positive impact on the environment and returns for our clients. REPM operates with this in mind while investing both directly and indirectly into real assets. While the financial objectives of our clients remain the primary focus of our investments, our responsible investment strategy also considers long-term resilience, climate change, environmental, social and governance aspects.

REPM Infrastructure was an inaugural member of GRESB Infrastructure, the Global ESG Benchmark for Real Assets, which launched in 2016. In 2019 our infrastructure equity strategies received 5- and 4-stars. We’ve received an A+ rating from the UN-supported Principles for Responsible Investment (PRI) since 2017.

Investment process and research

We leverage our team’s deep experience in sourcing, evaluating, investing and managing global traditional infrastructure assets. The team is primarily located in London and New York with additional team members based in Sydney, Hong Kong, Madrid and Zurich. This allows the business to operate locally, sourcing deals and managing investments, while acting as one global team in terms of culture and approach. Senior REPM infrastructure executives have been active in the infrastructure sector since the 1990s.

We pride ourselves on our commitment to sustainable investing. Our investment process involves rigorous vetting of the environmental, social and governance (ESG) aspects of the asset. Throughout the investment’s life, we continue to monitor the asset’s ESG impact.

Our research strategies are focused on identifying and advising upon risk-adjusted return opportunities and developing detailed forecasts for markets globally. Our team excels at the type of statistical and modelling work that informs and guides income-focused investment decisions. We digest a wide array of market data – such as structure and usage of the property and infrastructure markets, demographics, performance and demand versus supply.

Strategies and product

Direct Equity - Includes closed-ended direct equity funds that invest in traditional, long-life infrastructure assets in developed countries.

Direct Debt - Currently comprises a European strategy, which invests on a long-term basis in senior secured infrastructure credit.

Multi-Managers Infrastructure - Includes closed-end private funds, customized investment structures as well as individually managed accounts, with a focus on operational infrastructure assets in OECD countries.

Compliance statement

This publication is not to be construed as a solicitation of an offer to buy or sell any securities or other financial instruments relating to UBS AG or its affiliates in Switzerland, the United States or any other jurisdiction. UBS specifically prohibits the redistribution or reproduction of this material in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith but no responsibility is accepted for any errors or omissions. All such information and opinions are subject to change without notice. Please note that past performance is not a guide to the future. With investment in real estate/infrastructure/private equity (via direct investment, closed- or open-end funds) the underlying assets are illiquid, and valuation is a matter of judgment by a valuer. The value of investments and the income from them may go down as well as up and investors may not get back the original amount invested. Any market or investment views expressed are not intended to be investment research. The document has not been prepared in line with the requirements of any jurisdiction designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. The information contained in this document does not constitute a distribution, nor should it be considered a recommendation to purchase or sell any particular security or fund. A number of the comments in this document are considered forward-looking statements. Actual future results, however, may vary materially. The opinions expressed are a reflection of UBS Asset Management’s best judgment at the time this document is compiled and any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise is disclaimed. Furthermore, these views are not intended to predict or guarantee the future performance of any individual security, asset class, markets generally, nor are they intended to predict the future performance of any UBS Asset Management account, portfolio or fund. Source for all data/charts, if not stated otherwise: UBS Asset Management, Real Estate & Private Markets. The views expressed are as of June 2020 and are a general guide to the views of UBS Asset Management, Real Estate & Private Markets. All information as at 31 May 2019 unless stated otherwise. Published June 2020. Approved for global use.

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