About this episode

Darryl Murphy discusses the opportunities and challenges in Canada's Indigenous infrastructure investment market.

Aviva Investors' Head of Infrastructure Debt, Darryl Murphy, brings nearly three decades of European institutional capital experience to a frank assessment of Canada's Indigenous infrastructure investment market. In a conversation recorded shortly after the Canadian Indigenous Investment Summit 2026 at the London Stock Exchange, Darryl explains why he believes capital is not the constraint on this opportunity set, and what the European debt market needs to see before deploying at scale. In this episode, recorded with hosts Mark Magnacca and Rob Brant, Darryl covers: Why Aviva treats Canada as a core geography alongside the United Kingdom and Ireland, and how that shapes infrastructure debt appetite Why investment-grade construction-phase debt, including greenfield exposure, sits well within Aviva Investors' mandate, and the conditions required to deliver it How the First Nations Major Projects Coalition, the First Nations Finance Authority, the Canada Infrastructure Bank and Longhouse Capital, alongside Canadian banks and specialist advisors, are building a credible institutional ecosystem for packaging Indigenous infrastructure opportunities The structural parallel between…

People in this episode

Hosts: Mark Magnacca, Rob Brant

Guest: Darryl Murphy

Topics covered

• Indigenous infrastructure investment
• infrastructure debt
• European debt market
• capital deployment
• institutional ecosystem
• P3 cycles
• renewables

Keywords

• infrastructure
• investment
• Indigenous
• capital
• debt market
• Canada
• P3
• renewables
• ecosystem
• construction-phase

Mentioned in this episode

Organizations: Aviva Investors, First Nations Major Projects Coalition, First Nations Finance Authority, Canada Infrastructure Bank, Longhouse Capital, Canadian Indigenous Investment Summit

Places: Canada, United Kingdom, Ireland, London Stock Exchange

More episodes of Drumbeats - Canadian Indigenous Investment Podcast

• Canada's Infrastructure Window: Why European Capital Is Moving Now · June 4, 2026 · 34 min
• First Nations Bank of Canada's Bill Lomax: zero defaults, scaling fast · May 28, 2026 · 37 min
• London Calling: Global Investors for Indigenous-Led Projects · May 14, 2026 · 34 min

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