Bevans to leave CPPIB for Alinda

Graeme Bevans, the head of infrastructure investment at the C$127.6 billion (€97 billion; $123 billion) Canada Pension Plan Investment Board (CPPIB), is joining Alinda Capital Partners, Alinda managing partner Chris Beale told InfrastructureInvestor.com.

Beale said Bevans will join the independent infrastructure fund manager soon as its sixth partner, based in New York, declining to give at this point an exact date for when he will begin at Alinda.

Beale called Bevans “one of the world’s leading infrastructure investors”.

Graeme Bevans

For CPPIB, Bevans’ departure comes just as the pension plan launched a takeover bid for Intoll, the Australian toll road operator borne out of the splitting-up of Macquarie Infrastructure Group earlier this year. Intoll informed the Australian Stock Exchange today that it had received a non-binding offer from CPPIB valuing the company at A$1.535 (€1.057; $1.353) per share, or about A$5.1 billion.

For Alinda, his arrival comes just after the firm wrapped-up fundraising for its second infrastructure fund, which closed on more than $4 billion in January.

Prior to joining CPPIB in 2006, Bevans served as head of infrastructure investment at Industry Funds Management, the Melbourne-based asset manager that invests on behalf of 35 Australian pension funds.

In June, IFM tied Alinda for the number three spot in the Infrastructure Investor 30, Infrastructure Investor’s ranking of the world’s 30 largest infrastructure investors, at $7 billion each in capital formed for infrastructure investment in the last five years.

At Alinda, Bevans will join the firm’s founders – Beale, Philip Dyk, Sanjay Khettry, John Laxmi and Simon Riggall – as a partner of the firm.