Lacagnina, who arrived at Partners Group from QIC in March 2018, will join Apollo “on its institutional client and product solutions team, supporting the infrastructure business”, a spokesperson for the firm told Infrastructure Investor. A spokesperson for Partners Group confirmed the departure and said a replacement will be announced “in due course”.
Lacagnina was previously a managing director and head of business development for Partners Group’s private infrastructure business in the US. His arrival at Apollo comes as the group plans to launch a third infrastructure fund later this year, which could target as much as $4 billion, as revealed by Infrastructure Investor last month.
His departure from Partners Group also comes two months after Lacagnina helped raise $6.4 billion for its Direct Infrastructure 2020 fund, while a further $2.1 billion was amassed through separate accounts and bespoke solutions.
Todd Bright, partner and head of infrastructure in the Americas for Partners Group, told us in February that while the “lion’s share” of that capital still came from the firm’s longstanding clients in Europe, it had “raised much more money in the US than we have before” for the latest offering.
Apollo, meanwhile, closed its Apollo Infrastructure Opportunities Fund II on $2.5 billion, although Infrastructure Investor understands the group was targeting about $3 billion for the 2020-vintage vehicle.