Denham adds infra experience to sustainable credit strategy

Jorge Camiña will lead the Boston-based firm’s sustainable infrastructure platform, which recently received a $2bn commitment from Aflac Global Investments.

Denham Capital has hired private infrastructure veteran Jorge Camiña to lead the buildout of its new credit strategy targeting investments in renewable power and energy storage.

Camiña joins as a partner at the Boston-based private funds manager and is bringing more than 20 years’ experience working in infrastructure project finance and investment management, according to a statement. He was previously director of infrastructure debt at Allianz Global Investors, where he helped expand investment activity into Latin America.

Denham announced in July the expansion of its sustainable infrastructure platform to include private lending. The firm’s credit strategy will invest in mostly senior debt, targeting investment-grade and below investment-grade clean energy-related assets in developed markets in North and South America, Asia, Europe and Australia.

Aflac Global Investments, the asset management arm of US insurer Aflac Incorporated, committed $2.1 billion to the strategy while acquiring a 24.9 percent equity interest in Denham’s sustainable infrastructure platform.

Aflac also said it was committing $100 million to Denham’s second sustainable infrastructure equity fund. In 2017, Denham launched the International Power Fund targeting $1 billion to develop clean power generation in emerging markets. The firm became a signatory to the Operating Principles for Impact after launching the fund.