Meridiam Infrastructure, the Paris-headquartered greenfield PPP specialist, is getting ready for a big push in North America.
In August, Infrastructure Investor learned that the firm has hired a big gun in US transportation: Jane Garvey, formerly the head of the US Federal Aviation Administration.
Garvey’s move will be effective in September. She will be based in the US as a high-ranking member of Meridiam’s North American business, according to several sources familiar with her move.
The hire coincides with the firm’s expansion plans for the North American market. Meridiam, which already manages a €600 million infrastructure fund with a focus on Europe, is said to be close to launching a North America-focused PPP fund that could target up to $1 billion. Meridiam has already participated in several US projects.
For Garvey, the move marks the latest in a prominent career filled with high-profile posts in the transportation sector. Since January, she has served as a member of President Obama’s transition team, where she served as an advisor to Transportation Secretary Ray LaHood – a position for which she was also reportedly considered. Prior to heading the FAA from 1997 to 2002, she served as acting administrator and previously deputy administrator of the Department’s Federal Highway Administration.
On the private sector side, Garvey has served as the head of US PPP and innovative financing for JPMorgan’s Infrastructure Advisory Group, which she joined in May of last year.