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Macquarie exec rejoins Campbell Lutyens

Guillermo Marroquin, whose responsibilities involved developing and marketing infra funds at the Australian firm, will lead real assets efforts in North America at the placement agent.

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Campbell Lutyens has hired Guillermo Marroquin as head of North American real assets.

Marroquin joins the UK-headquartered placement agent from Macquarie Infrastructure & Real Assets where he was a managing director responsible for investor relations, product development and fund marketing across the infrastructure, agriculture, energy and real estate asset classes.

This is the second time he has returned to a previous employer, having had a first stint at Campbell Lutyens between 2010 and 2013 as principal and a prior tenure at Macquarie between 2006 and 2010 as vice-president. He previously worked in fixed income and distressed debt at BNY Capital Markets, JPMorgan and Lehman Brothers.

“Campbell Lutyens has been active in the infrastructure sector for over a decade, in both fundraising and secondary transactions, providing us with a deep understanding of how the market has evolved and what the next generation of funds might look like,” said Andrew Sealey, Campbell Lutyens’ chief executive.

Marroquin will remain based in Chicago, joining the placement agent’s US team of more than 30. “Infrastructure and real assets continues to evolve as an asset class and play an increasingly important role in North American investors’ portfolios,” he said.

Campbell Lutyens has been busy on the fundraising and secondaries fronts over the last 12 months. On the fundraising side, it helped closed Infracapital’s oversubscribed debut greenfield infrastructure fund on £1.25 billion ($1.78 billion; €1.42 billion) last year and is placing Stonepeak Infrastructure Partners’ third fund, which has raised more than $6.5 billion and is set to hit its $7 billion hard-cap early this year.

It’s also been active in the growing infrastructure secondaries market. In August, Campbell Lutyens advised on a deal in which Strategic Partners acquired stakes in a pool of five infrastructure funds, in what was understood to be the first tender offer process on a listed infrastructure fund’s portfolio.

In July it also advised on a deal which involved Dutch pension fund APG Asset Management acquire a portfolio of 48 European public-private partnerships, public finance initiatives and renewable energy assets from infrastructure fund manager DIF, in a deal valued at €700 million.

Campbell Lutyens opened its New York office in 2006 and has a team of more than 30 professionals there.

Rod James and Bruno Alves contributed additional reporting to this story.