Michael D. Underhill, Founder & Chief Investment Officer of Capital Innovations, an alternative investment manager offering both private markets and public markets Real Assets solutions. Invented Capital Innovations InSight™ process, which uses Capital Innovations’ proprietary private markets model, analyzes available investment manager data and rates each product according to seven factors: business, staff, investment process, investment risk, performance, terms/conditions, and operations.We founded Capital Innovations to enable investors to benefit from the transition to a resource-constrained economy. We believe today's most forward-thinking companies are responding to the challenges and opportunities created by population growth, natural resource scarcity, climate change, urbanization and globalization.Our global private markets real assets platform is engineered by experts in combination with the best talent found around the world, utilizing a scoring tool to substantiate our human decision-making in the investment selection process. Capital Innovations quantitative approach to private markets infrastructure, natural resources and real estate investments delivers innovative, risk-managed investment solutions to investors worldwide.We work with our clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments, and we help them access a diversified set of investment opportunities worldwide.Our clients are principally large, sophisticated, global investors that rely on our private markets expertise, deep industry relationships, differentiated investment access, risk management capabilities, proprietary data advantages and analytical tools to navigate the increasing complexity and opacity of private markets investing. While some maintain their own internal investment teams, our clients look to us for additional expertise, advice, and outsourcing capabilities.

Introduction to Alternative Investments exam content author. 2019 Curriculum CFA Program Level I Alternative Investments, Portfolio Management and Wealth Planning

- Infrastructure as an asset class: New developments in asset and risk allocation: sub-sector assetallocation, geographic asset allocation/diversification, derivatives and risk policies for fund structures.- Typology of infrastructure investments: Understanding investment approaches and vehicles and looking at the risk mitigation techniques relevant to different investment types (direct and indirect investment, private funds, public/private partnerships, listed companies, and more)- Portfolio construction and infrastructure program management: Infrastructure program development and management case studies (public pension fund, sovereign wealth fund, foundation/endowment, family office, high-net-worth investor)- Infrastructure strategies: Direct investments: valuation approaches and strategies for various infrastructure projects.- Benchmarking Infrastructure Investments Performance

United Nations-backed Principles for Responsible Investment. As Chairman for the Infrastructure workstream of the UN-supported Principles for Responsible Investment, I took the initiative from inception and built it, over the years into the pre-eminent global initiative on responsible investment with 1200 signatories representing $40 trillion in assets and a team of 55 across 10 countries.

Provided specialized equity and fixed income investment management to institutional market segments including insurance companies, corporate plans, endowments and foundations, and public funds in both US and Non-US markets. Portfolios were optimally constructed using proprietary quantitative models. Conducted performance monitoring and attribution, implemented new investment insights and responsible for communicating with our research, trading and client relationships.

Provided specialized equity and fixed income investment management to institutional market segments including insurance companies, corporate plans, endowments and foundations, and public funds in both US and Non-US markets.Spearheaded a team of senior investment professionals from offices in North America, Europe, Latin America & Asia in helping to engineer and construct one of the industry's first ever UCITS (umbrella funds) currency funds domiciled in Dublin, Ireland as a sub-advisory mandate for Bank of America Funds. Led investment product design and engineering as well as the implementation of a multi-currency investment vehicle. (MCIV)

Provided investment management services to institutional investors as part of a strategic global build out. Entrepreneurial position which required working directly with the President, CEO and numerous portfolio managers.

Provided investment management services to trust departments of banks. Investment services spanned the continuum of global equity, fixed income and asset allocation products.

Worked with senior analysts and managers to analyze data, built modeling tools, developed frameworks for existing and new asset classes, and manage risk and identify investments for bond portfolios.