🎙LACERA's Daniel Joye on investing in infrastructure that builds cities and nations

Welcome back to the Alt Goes Mainstream podcast.Today’s show was recorded live from AltsLA 2023 in partnership with CAIA. CAIA is the leading global professional body dedicated to alternative investment credential programs.On this episode, we speak with Daniel Joye, where he oversees Infrastructure investing at LACERA, the $58 billion AUM Los County Employees Retirement Association.Daniel and I had a fascinating conversation about how an institutional investor like LACERA approaches investing in infrastructure, the benefits of infrastructure investing, particularly in the current market environment, how to think about risk / return of infrastructure assets in a portfolio, and why investing in infrastructure is so critical to the development of cities and nations.Prior to moving back to Los Angeles and joining LACERA (he is an LA native), Daniel worked in London for Morgan Stanley, Vitol and BP with a focus on energy trading and investing.He started his career in the French Navy as a gunnery officer where he navigated the 7 seas and participated in Operation Enduring Freedom.He holds a Masters in Engineering from l'Ecole Navale (the French Naval Academy) and an MBA (with honors) from Wharton.Thanks Daniel for coming on the Alt Goes Mainstream podcast to share your views and knowledge.Join thought leaders from private markets firms like Blackstone, Goldman, Apollo, iCapital, Franklin Templeton, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com