Infrastructure funds are it. With Donald Trump promising to invest $1 trillion in roads, bridges, and buildings, infrastructure investing is seriously back in fashion. Not that it was exactly out of fashion in the first place: the Financial Times points out that infrastructure investing hit a record $413bn last year as demand for assets boomed. Junior bankers at Credit Suisse are therefore in luck: there's a well-established conduit for the Swiss bank's analysts and associates to join Global Infrastructure Partners, a $35bn fund with offices in London, New York, Stamford and Sydney.
The latest to make the move is Zack Mossman, a former Credit Suisse analyst who's joined GIP as an associate in London. He spent barely 19 months as an analyst at the Swiss bank before making the move.
Mossman follows in the footsteps of various other CS junior alumni. Trevor Rinker, joined GIP as an associate in New York last year after leaving Credit Suisse's Texas office. Ivan Armani also joined an associate in 2016, after ten months at Blackstone and two years at Credit Suisse. Other former CS juniors now at GIP include Simone Grasso and Dennis Sarobe.
GIP's receptiveness to Credit Suisse refugees probably has something to do with the fact that six of its thirteen partners used to work there. Similarly, three of its seven investment principals, four of its five capital solutions professionals, and its director of marketing and communications all come from the Swiss bank.
If you want to escape Credit Suisse for the buy-side, and particularly if you want to work in infrastructure investing, GIP partners should probably be top of your calling list.
Photo credit: anti-perfection protesters running away from perfection by paolobarzman is licensed under CC BY 2.0.