24
Apr
The blurring line between infrastructure funds and private equity
Once seen as simply a safe asset class offering stability in times of uncertainty, the infrastructure fund space has been shifting and expanding. Traditional project financing has been replaced by private equity style strategies, and managers are taking a more nuanced approach to the asset class by pursuing newer infrastructure opportunities and different risk and return profiles. Our panelists will discuss the state of the market and what the increasingly blurred lines mean for the sector.
- Why are infrastructure firms increasingly adopting a private equity approach towards acquisitions?
- How are infrastructure fund managers differentiating their offers as the market becomes more competitive?
- How are infrastructure GPs addressing PE-style operational challenges?
- How are LPs responding to the overlap between private equity and infrastructure?
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SpeakersLuke Laumann Partner Weil
Guillermo Marroquin Partner Campbell Lutyens
Taylor McManus Principal, Real Assets Investments Hamilton Lane
Michael Dean Managing Director HarbourVest
Perry Offutt Partner and Head of North America Morrison
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Luke Laumann is a partner in Weil’s Private Equity practice and is based in New York. Luke represents domestic and international private equity sponsors and strategic clients in domestic and cross-border mergers and acquisitions, joint ventures and private investments in a broad range of industries.
Luke was recognized as a “Next Generation Partner” for Private Equity Buyouts by Legal 500 US in 2023 and a “Leading Lawyer” for Private Equity in the United States by Euromoney in 2022. He was also the recipient of the ""40 under 40 Emerging Leaders Award"" by The M&A Advisor in 2018.
Guillermo joined Campbell Lutyens in 2018 to take responsibility for the firm’s North American real assets practice. Prior to joining Campbell Lutyens, Guillermo was a Managing Director with Macquarie Infrastructure & Real Assets in Chicago, where he was responsible for institutional investor coverage in the Americas, product development, and project management. Prior to Macquarie, he worked in debt capital markets with Lehman Brothers, JPMorgan, and Bank of New York.
Guillermo earned his MBA from The Wharton School of Business at the University of Pennsylvania and a Bachelor of Arts in Economics from Columbia College at Columbia University.
Taylor is a Principal based in the firm’s Toronto office where he is responsible for originating, evaluating and executing direct, secondary and primary fund investment opportunities. Prior to joining Hamilton Lane in 2023, Taylor was a Vice President with Instar Asset Management where he focused on middle market infrastructure and private equity investments. Taylor began his career at Macquarie Capital Markets Canada. Taylor received an Honors Bachelor of Commerce from Queen’s University.
Michael Dean joined HarbourVest in 2014 and focuses on real assets investments, including energy, infrastructure, real estate, and natural resources. He currently serves on a number of boards and advisory boards of companies and partnerships, including those managed by 1901 Partners, Arroyo Energy, The Blackstone Group, BP Energy Partners, The Carlyle Group, Crestline, LS Power, and W&T Offshore.
Michael joined the Firm from Meketa Investment Group, where he served as the Head of Real Assets investing across the natural resources, infrastructure, and real estate sectors. His responsibilities included development of investment strategy and sourcing, evaluating, and executing fund and co-investment opportunities. Prior to that, he was Director of Investments at real estate investment firm Ithecus Capital Group.
Michael received a BBA from Baylor University in 1998 and speaks conversational Spanish.
Perry leads Morrison’s activity in North America, with responsibility for the origination of investments in the region. He has more than two decades of infrastructure investment and industry experience, particularly in deal origination and execution, having worked on upwards of US$100 billion of transactions.
Perry joined Morrison in 2021 from UBS Asset Management, where he was Head of Infrastructure Americas, a business within Real Estate and Private Markets. Prior to UBS Asset Management, he worked at Macquarie Infrastructure and Real Assets (MIRA) as Managing Director on the North American investment team. He joined MIRA from Morgan Stanley where he was Head of Infrastructure Banking for the Americas, originating and executing infrastructure transactions across various industries, including power, utilities, and transportation.
Perry has held Director roles on the Boards of Northern Star Generation, Ports America, Aquarion Water Company and GFL Environmental. Perry if currently Chair of FiberLight.