InfraRed reshuffles North American team

Bryn Jones, InfraRed's head of development infrastructure, will relocate to New York as part of efforts by the UK firm to expand its foothold in the region.

InfraRed Capital Partners, the London-based fund manager, is making changes to its North America-based team with a view to expanding its infrastructure portfolio in the region, the firm said in a statement on Wednesday.

Bryn Jones, currently head of the InfraRed's development infrastructure team and a partner of the firm, will be relocating from London to New York “to oversee a new growth initiative for InfraRed’s infrastructure business line in the North American region,” according to the statement. Effective this month, he is to lead the North American team while retaining his current responsibilities.

Jones will succeed Harry Seekings, a partner at InfraRed who came from London to New York in 2008 to head the firm's North American infrastructure unit. Seekings will return to London to assume new responsibilities in connection with developing the firm’s secondary market activities.

“With the recent financial close on the Portsmouth Bypass P3 (Ohio) and the best value proposer award of the SH-288 Tolled Lanes (Texas) – and with other opportunities at an advanced stage – InfraRed is expecting to grow its North American portfolio of infrastructure investments during 2015,” the firm said in the statement.

“Growth will be achieved through deepening existing key relationships, while also seeking new partners with whom we can develop infrastructure investments,” Jones added. “Our objectives are to maintain InfraRed’s momentum in P3 markets in the region and to work with our partners to fund infrastructure investment needs with commitments from InfraRed’s existing investor base.”

As part of the personnel-related changes also announced yesterday, Sonia McMillan, currently responsible for originating and executing investment opportunities in North America, will now assume a coordination role for North American business development.

InfraRed’s history dates back to 1990 when it was a part of Charterhouse Bank, investing in real estate. It began investing in infrastructure in 1997 and was later acquired by HSBC to become the UK bank's global real estate and infrastructure investment platform.

A successful management buyout from HSBC followed in 2011, at which time the business was rebranded as InfraRed. 

The firm has raised 15 funds to date and manages more than $8 billion of equity capital. It is also the investment adviser of HSBC Infrastructure Company Limited (HICL), an infrastructure company listed on the London Stock Exchange since 2006.