InfraRed Capital Partners has hired Stuart Marks, a senior investment director at Meridiam, to focus on transportation and social infrastructure public-private partnerships in North America, according to market sources.
Marks joined Meridiam Infrastructure as a senior investment director in New York, and previously served in the North American Social and Transportation Infrastructure group of Australian investment bank Babcock & Brown. Prior to that, he worked with ABN Amro’s Infrastructure Capital group.
InfraRed completed its spinout from HSBC Specialist Investments, the HSBC division focused on infrastructure and real estate, earlier this year. The firm manages three unlisted funds primarily targeting public-private partnerships in social infrastructure, roads, and light rail, as well as an Environmental Infrastructure fund targeting sectors such as renewable energy and wastewater and water treatment, according to InfraRed’s website.
The firm’s Secondary Infrastructure team advises HICL Infrastructure Company, which manages a London Stock Exchange-listed fund focused on PPPs and private finance initiative projects.
InfraRed has six partners dedicated to infrastructure development, as well as three partners dedicated to Environmental Infrastructure, according to the firm’s website. The firm, headquartered in London, has about 80 staff and invests in real estate as well as infrastructure.