Meridiam’s European chief operating officer, Tim Treharne, is set to leave the French manager following a seven-year spell.
Treharne has headed up Meridiam’s European operations since his move from vice chairman of KPMG’s global infrastructure division in 2011. Meridiam has since raised €1.3 billion for its third European infrastructure fund, in addition to €425 million for its maiden energy transition fund.
Treharne had previously worked on the development of the PFI model in the UK, as well as a 13-year infrastructure project-finance spell with NatWest bank. It is unclear at this stage what Treharne’s next move is.
It is understood that former deputy chief operating officer, Europe, Matthieu Muzumdar is taking up many of his responsibilities since being promoted to the position in February this year. Muzumdar joined Meridiam as an investment director in 2011, previously having spent nearly five years working for the French Ministry of Transport as head of its concession operations division.
Meridiam earlier this year introduced a new set of LPs to its debut 2006-vintage Meridiam Infrastructure fund, selling 25 percent of LP interests in the vehicle and netting them a 2.5 times gain. The €547 million fund invested in 11 deals – nine in Europe and two in North America.
The fund manager had not responded to a request for comment at the time of publication.