Former hedge fund manager Julian Robertson and a former assistant secretary of the US Treasury have launched a new infrastructure-focused private equity firm.
Tiger Infrastructure Partners will concentrate on managing investments in North American and European mid-market infrastructure, the new firm said in a statement.
The firm will be led by Emil W. Henry, who was previously head of the infrastructure private equity business at now-bankrupt Wall Street investment bank Lehman Brothers. Prior to that Henry was assistant secretary to the US Treasury.
The firm will focus on investing in private sector infrastructure businesses in the energy and power, water, waste, transportation and communications sectors, according to the statement. Henry said Tiger Infrastructure Partners will seek to invest in the “many small and medium-sized infrastructure businesses” that are outside the focus of the larger infrastructure investors and strategic buyers. “With the credit market dislocation and diminished role of debt capital providers, we believe many of these businesses’ growth prospects are constrained by their capital needs. We seek to fill that gap,” he added.
Tiger Infrastructure Partners’ investment team will be staffed by several former members of Henry’s team at Lehman Brothers’ infrastructure private equity business. These include Leanne Bell, previously of GE Energy Financial Services; Marc Blair, previously of Lehman Brothers Private Equity and Natural Resources Group; Alessandro Boninsegna, previously of Lehman Brothers Private Equity; Pascal Casavecchia, previously of Lehman Brothers Private Equity and the Carlyle Group; and Adam Emmert, previously of Highstar Capital.
Tiger Infrastructure Partners will have offices in New York and London.