Partners Group is continuing to build out its US infrastructure group in Denver with the addition of a managing director with transportation expertise and a senior advisor who will focus on midstream deal opportunities.
The Swiss fund manager has hired Ed Diffendal, former chief executive of transportation-focused United Bridge Partners, as a managing director, Partners Group told Infrastructure Investor. Diffendal, who also has midstream, rail and communications investment experience, will work closely with Todd Bright, head of Partners Group’s infrastructure group in the Americas, to continue the firm’s growth in the region.
Partners Group has also added Phill May as a senior advisor. He is a former senior vice-president of the gas pipeline and storage business of US energy company ONEOK Corporation.
In his new role, May will originate midstream opportunities and drive value creation initiatives at Partners Group’s existing midstream investments, including as a board member of Fermaca, a natural gas pipeline owner and operator, in which Partners acquired a majority stake in February 2014.
May will work closely with the Americas investment team led by Todd Bright, a spokeswoman for the firm said.
The firm, which manages a $10 billion infrastructure programme, opened its US headquarters in Denver in 2016 and this year has bolstered its presence in the US market with the addition of senior hires and new assets.
In April, Partners group teamed up with Canadian pension fund OPTrust to buy a 50 percent stake in US-based gas midstream business Superior Pipeline Company, a subsidiary of Unit Corporation, for $300 million.
In March, Infrastructure Investor reported that Vittorio Lacagnina, who has led Australian firm QIC’s fundraising efforts, will join Partners Group’s office in New York. The Swiss firm is also reportedly planning to launch a global infrastructure fund this summer targeting €1 billion.