Photo of Stephen Dowd

Stephen Dowd

Chief Investment Officer – Private Infrastructure Strategies

Stephen Dowd is Chief Investment Officer – Private Infrastructure Strategies for CBRE Investment Management. He leads the firm’s private infrastructure investment practice, overseeing investment strategies, portfolio management, analytics and performance measurement. Stephen joined the organization in 2014 as Partner and Global Head of Infrastructure for the predecessor private infrastructure firm that became part of CBRE Investment Management and moved into his current role in 2020.

Stephen is passionate about building an infrastructure investment business of quality, integrity and scale that strives to achieve clients’ risk-return goals. He enjoys working with hard assets that provide essential services and produce solid investment returns for people’s retirement security. He believes patience, collaboration and a long-term strategic view are fundamental to success. 

Stephen brings broad and deep experience in banking, pension fund investing and asset management to his role. He began his career in infrastructure in 1990 and has invested in companies and assets in Europe, Asia, Australia and North and South America. Prior to joining CBRE Investment Management, he was Senior Vice President, Infrastructure and Timberlands at the Ontario Teachers’ Pension Plan (OTPP), a pioneering institutional investor in the sector, responsible for a real assets portfolio valued at over $11 billion. The infrastructure portfolio included direct equity ownership in power generation, pipeline, water and natural gas distribution, terminal, airport and rail assets. 

Stephen has served as a member of numerous boards of directors in the sector, including as chair. Previously, Stephen worked in investment banking and in the energy and infrastructure sectors in the U.S. and the U.K.  

He earned a Bachelor of Arts degree with honors from Princeton University and a Master’s degree in Business Administration from the Tuck School of Business at Dartmouth.