Citigroup launches infrastructure investment arm

Citigroup Alternative Investments has launched a new team to make investments in infrastructure, and brought in two sector specialists to run it.

Citigroup’s alternative asset management arm has launched an infrastructure investment platform, as it looks to cash in on increased private sector involvement in infrastructure projects

Citi Alternative Investments has set up an “investment centre” called Citi Infrastructure Investors, which will operate out of New York and London. CII will act as a platform for the group to invest in large institutional infrastructure projects around the world.

The new team will be co-headed by Juan Bejar in London and Felicity Gates in New York. Bejar was previously chief operating officer at Spanish infrastructure group Ferrovial, while Gates was head of Deutsche Bank’s North American infrastructure business.

They will be joined by three Citigroup employees: Colin Campbell, J.G. Duthie-Jackson, and Michael Froman, who will be managing directors.

CAI, Citigroup’s alternative asset management platform, also invests in private equity, hedge funds, real estate and structured products. It has about $54 billion of  assets under management.