Hedge fund veteran launches infrastructure PE firm

Hedge fund manager Julian Robertson and former assistant secretary to the US Treasury Emil W. Henry have launched Tiger Infrastructure Partners, an infrastructure private equity firm which will focus on the energy and power, water, waste, transportation and communications sectors.

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.

Julian Robertson

Veteran hedge fund manager Robertson, who founded hedge fund Tiger Management in 1980 before returning funds to investors in 2000, will be a seed investor in Tiger Infrastructure Partners. “We see a long-term opportunity for investing in infrastructure projects on a global basis and believe the middle market is underserved and less competitive,” he said in the statement.

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.