Quinbrook Infrastructure Partners, a clean energy-focused investment manager, will open three new offices in Houston, London and Sydney next month, according to a top executive at the Australian firm.
Established last July by David Scaysbrook and Rory Quinlan, the two former chiefs of Capital Dynamics' clean energy business, Quinbrook currently has a team of 10 executives in Queensland and Jersey. It is set to grow the headcount to 25 people by April, Scaysbrook told Infrastructure Investor.
Four senior managing directors will lead fundraising efforts while one managing director and the rest of the team will focus on investment analysis, deal structuring and asset management.
Quinbrook targets deals of a size ranging between $50 million and $150 million across the UK, the US and Australia.
Scaysbrook explained that the firm predominantly focuses on developing new low-carbon power generation projects but also looks at existing assets “opportunistically”.
“We see an ongoing flow of opportunities in gas, wind and solar sectors in the US, as well as in Australia. We don’t see many solar opportunities in the UK anymore, so wind will be our key strategy.”
The firm is currently managing the Cape Byron Infrastructure Fund, which has a portfolio of 68MW biomass plants located in Australia, on behalf of a UK institution.
Scaysbrook and Quinlan co-founded Capital Dynamics' clean energy infrastructure unit in 2010. The team conceived, raised and invested four investment funds during their time with the Swiss fund manager.
A total of 65 people are currently working for Quinbrook’s portfolio companies, according to Scaysbrook. He expects this number to grow to 85 people by the end of April.
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