How Public Markets Can Unlock Emerging and Frontier Market Opportunities
At This MOBILIST Event, Pioneering Issuers, Investors and Intermediaries Discussed How to Harness Different Listed Product Structures and Strategies to Deliver Returns and Development Impact
Through its search for innovative listed products and growing portfolio of investments that help address development challenges, MOBILIST has uncovered diverse public market strategies and structures. The judicious use of these financial products and business models can open up markets and deliver returns for institutional investors, improve the flow of capital to emerging and frontier economies and help meet the UN’s Global Goals and international climate commitments.
Drawing lessons and insights from MOBILIST’s research, portfolio and pipeline, this event showcased public market strategies and structures connecting global investors to emerging and frontier economy issuers. The event brought together investors and development finance professionals with unique vantage points on public markets and issuers with varied capital raising strategies at different stages in the listing process. The event drew on the panel’s combined experience to discuss:
- The role of public markets in investors’ emerging and frontier portfolios and strategies;
- The benefits and drawbacks of specific listed product structures and strategies employed by emerging and frontier market investors to raise capital;
- How development finance actors can partner with public market actors to exit investments and recycle capital; and
- Issuers’ first-hand experience of the listing and capital raising process.
Watch the event:
Head of Sustainability, B3, The Brazilian Stock Exchange
Cesar Sanches is at the centre of B3’s sustainable investing, ESG data, analytics and financial products workstreams. Earning his PhD from the University of Sao Paulo and receiving his MSc in Economics from Aberdeen University and Cambridge Business Sustainability Management Course, Cesar worked on major capital projects whilst living in Scotland. Cesar set the event’s agenda by providing opening remarks on why public markets matter for sustainable development.
Founding Partner and Chair, Lion’s Head Global Partners
Through his leadership at Lion’s Head, an emerging and frontier market focused investment banking platform and asset manager, Christopher has built deep experience providing advisory and asset management services to corporates, sovereigns and their development finance partners. Prior to establishing Lion’s Head in 2008, Christopher spent 14 years at Goldman Sachs within the Debt Capital Markets group. Christopher moderated the panel discussion and premiered new, yet-to-be-published MOBILIST research, conducted by Lion’s Head, on the strengths of listed product structures.
Monique Mathys-Graaff, CFA
Senior Director, Head of Sustainability Solutions, Willis Towers Watson Investments
Monique has over 20 years’ experience in developing and delivering investment and sustainability strategies for pension funds, asset managers, investment banks and corporates. Monique’s experience across emerging markets complements her technical focus on sustainable development practices. Taking account of the regulatory and market environment, Monique expanded on the challenges facing institutional allocators today. Looking to the future, she highlighted areas of opportunity for mobilising institutional capital and the role public markets have to play.
Head of Investor Relations, Private Infrastructure Development Group (PIDG) LTD
Tim Streeter joined PIDG in September 2019 from Deutsche Pfandbriefbank AG (pbb) London, where he was Head of Loan Markets in the bank’s Public Investment Finance Team. Tim has held various positions in investment banks and worked across various fields, including debt capital markets and emerging markets. The newly launched Helios CLEAR FUND I SCSP (Climate, Energy Access and Resilience Fund) is working with PIDG and MOBILIST, cornerstone investors, to explore listing CLEAR’s assets on a major stock exchange. Tim discussed how the MOBILIST programme shaped PIDG’s thinking on mobilising institutional capital.
Co-Head CLEAR Fund, Helios
Tavraj Banga has led and managed private equity investments totalling almost $3 billion in market-leading businesses across Africa, Europe, and North America at Helios and, previously, Terra Firma. Tavraj has listed businesses on several exchanges and has managed climate, financial services, healthcare, real estate and infrastructure focused investments. Alongside Tim, Tavraj explained why listing is part of Helios’ climate strategy and how they will evaluate prospective structures and exchanges.
CEO and Founder, ThomasLloyd Group
Michael established ThomasLloyd, an independent and specialist impact investment solutions provider, advisor and asset manager. Michael has stewarded the firm to become a dedicated global impact asset manager investing in high-growth and emerging markets. Drawing on experience working with MOBILIST to list ThomasLloyd Energy Impact Trust, Michael walked participants through the team’s decision to list on the London Stock Exchange and use an investment trust as their investment vehicle.
Global Head, Investor Engagement Syndications Department, International Finance Corporation
Euan promotes co-investment in IFC projects through supporting investor outreach and product innovation. Borrowing insights from his work, Euan discussed promising strategies for private capital mobilisation.