Infrastructure PE - Players, career path, etc.

Rank: Chimp | 3

Hi,

Any monkeys with wisdom to impart on Infra PE?

(i) Which players garner respect in the industry other than Macquarie? (not only have capital but are seen as being intelligent investors)
(ii) Does the career path differ from traditional PE? i.e. Is it easier to move into at the Senior Associate/VP level for someone without sector investing experience because it's a less mature asset class than traditional PE?
(iii) How are pension funds and sovereigns viewed in this space? They seem to be more active in infra vs. traditional PE deals where they've largely been limited to co-invests.
(iv) Any other interesting tid bits?

Comments (14)

 
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12/31/69

I worked at an institutional real estate company this past summer, and they are currently raising an infrastructure fund. There's a big trend at traditional Real Estate companies towards more of a real asset approach. The infrastructure they're looking at on the direct side includes toll roads, ports, airports, pipelines, etc. If this is what you're looking for, maybe start networking with more traditional real estate guys who can put you in touch with some of the infrastructure people. From what I understand, it's a pretty new space for institutional money.

 
 
12/31/69

All I know is the big Energy Infrastructure players: First Reserve, AIG Highstar, Denham....

In other avenues:

Brookfield infrastructure partners
Barclays Infrastructure Funds
Citi Infrastructure Investors

-all big operations

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."

 
12/31/69

Global Infrastructure Partners (JV between Credit Suisse and General Electric)

 
12/31/69

Morgan Stanley Infrastructure, KKR (I think they have infra now), Carlyle.

 
12/31/69
HerSerendipity:

Morgan Stanley Infrastructure, KKR (I think they have infra now), Carlyle.

KKR does have an infrastructure team now.

 
12/31/69

Which firms are considered stronger?

 
12/31/69
rom831:

Which firms are considered stronger?

It really depends of which market you are in (geography and asset type). The success of a fund of this type really is sensitive to the investment teams relations and access to deals.

 
 
12/31/69

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