Camu rises to top of Goldman Sachs infra team

Philippe Camu, until now head of European infrastructure, has become the global head of Goldman Sachs’ infrastructure team, as current leader Steven Feldman retires. Camu is now also the chief investment officer of Goldman Sachs’ two infrastructure funds.

Changes are afoot at the top of investment bank Goldman Sachs’ infrastructure unit, with its current head retiring and Philippe Camu, until recently head of Goldman Sachs’ European infrastructure team, now taking over the reins of the bank’s global infrastructure operations.

In a statement, Goldman Sachs said that Steven Feldman – previously the head of the investment bank’s infrastructure team and chairman of the investment committee of Goldman Sachs Infrastructure Partners (GSIP), the bank’s infrastructure funds management business – “has decided to retire”. 

Feldman, a founding member of the bank’s infrastructure team in 2006, was involved in the fundraising of GSIP I and GSIP II – the bank’s two infrastructure funds, which have raised in excess of $10 billion between them. His roles will now be divided between Richard Friedman, the head of Goldman Sachs Merchant Bank, which includes the infrastructure unit, and Camu.

Camu, also a founding member of the infrastructure team, is now the new global head of Goldman Sachs’ infrastructure division and the chief investment officer for its two infrastructure funds. He will continue to be based in London. Friedman, for his part, has become chairman of GSIP’s investment committee. Julian Allen, based in New York, is the chief operating officer and head of investor relations for the investment bank’s infrastructure funds.

GSIP has been active on the acquisitions trail, recently teaming up with 3i and Finnish pension Illmarinen Mutual Pension Insurance Company to buy Swedish energy group Vattenfall’s Finnish electricity distribution business for an enterprise value of €1.54 billion.

In addition to infrastructure, the two other key businesses of Goldman Sachs Merchant Bank include real estate and corporate equity and debt operations.