A news release said Shapiro is also charged with expanding the group’s capabilities to include infrastructure, energy, water, agriculture, and timber. FTREA and Shapiro will be building a dedicated investment team seeking to analyze, select and invest in real asset fund opportunities.
Franklin Templeton Real Estate Advisors’ approach to investing real asset portfolios will entail managing risk on various levels: sectors, operations, geography, consumption groups, and energy inputs, according to the announcement.
Before joining Franklin Templeton, Shapiro played a role in transitioning Brookfield Asset Management, a public operator of real assets, into the private funds management business, developing distinct real asset private funds in timber, agriculture, infrastructure, power, and real estate, the news release said.She spent 12 years at LaSalle Investment Management, most recently as International Director, managing the North American client team, and previously managed institutional portfolios for the organization.
“Institutional investors today have shown an increased need for strategies that can provide reasonably predictable cash flows, inflation protection and the potential for outperformance necessary to meet future pension liabilities,“ said Shapiro, who will have the title managing director – real assets. “At the same time, rising demand for natural resources and massive capital requirements for infrastructure development worldwide has driven the need for new investment solutions.“