RBC Capital Markets has hired Peter Walraven as a managing director to lead the firm's U.S. debt capital markets efforts for its infrastructure and project finance group, the firm announced last week.
Walraven will focus on developing new markets on the taxable side by engaging with insurance companies, mutual funds, and institutional investors that might invest in infrastructure projects. He joins RBC after 20 years with JPMorgan, where he most recently served as a managing director in its global private placements group.
He will report to John Hastings, head of U.S. infrastructure and project finance, and John Younger, head of U.S. debt capital markets.
"We still believe, of course, that the public finance market will be a primary issuer for U.S. infrastructure financing," Hastings said. "However, we do believe that the taxable and private market will need to expand to fill some of the gap and address some of the enormous need that's out there."
RBC has worked as an adviser for a number of projects, including deals for North Texas Tollway Authority, as well as Denver's Northwest Parkway Public Highway Authority's joint venture with Brisa/CCR of Portugal.