SteelRiver bolsters investment team

The San Francisco-based fund manager has appointed former investment banker and current politician David McSweeney to focus on origination in the core infrastructure space in North America. It follows the firm’s appointment of new chief investment officer Christopher Lowe last month.

SteelRiver Infrastructure Partners (SteelRiver), the San Francisco-based fund manager, has lured David McSweeney to its investment team to focus on core infrastructure origination in the firm’s target market of North America. The role will see him focus primarily on acquisitions in the regulated energy space, according to a statement from the firm.

The statement added that, in his new role, McSweeney will report to Dennis Mahoney, senior managing partner in charge of investment origination. His move represents the second senior hire at SteelRiver recently, following the appointment of Christopher Lowe as chief investment officer last month.

McSweeney had a long career in investment banking with Chase and Bank of America Merrill Lynch, where he was a managing director of the energy and power groups respectively. More recently, he has worked as an independent financial consultant and, in March 2012, won the Republican Primary for the 52nd Illinois House of Representatives District.

“David brings to the firm an extraordinary ability to originate transactions and a wealth of industry contacts that complements our existing in-house capabilities,” said Mahoney in the statement.

SteelRiver is the former North American infrastructure investment arm of Babcock & Brown. The firm spun out from Babcock in 2009 and has since been investing in transportation, energy and other core infrastructure. According to its website, it has committed capital in excess of $1.9 billion.