KUALA LUMPUR, March 21 (Bernama) -- Corsair Infrastructure Partners (CIP) has announced that HarbourVest Partners (HarbourVest) has invested in three new CIP-managed funds established to deploy capital in the aviation, port and road sectors.
Earlier this year, CIP’s new funds closed on the acquisitions of shareholdings in three platform companies – airport developer, Vantage Airport Group; Australian stevedore, DP World Australia; and, Spanish toll-road operator, ItÃnere Infraestructuras.
The investments from HarbourVest come from a long-term pool of institutional capital dedicated to supporting infrastructure equity sponsors like CIP and will play an important role in the execution of CIP’s growth strategies for all three platforms.
CIP is the global infrastructure investment business of Corsair Capital (Corsair) and HarbourVest is a leading institutional investor active across multiple asset classes and geographies.
Corsair managing director and CIP head, Hari R. Rajan said HarbourVest had a strong reputation and demonstrated track record working with general partners in the infrastructure space.
“We are excited to partner with Corsair on this investment as we believe the portfolio of high-quality infrastructure assets managed by Corsair’s team of seasoned investment professionals represents an attractive investment for HarbourVest’s infrastructure strategy,” said HarbourVest managing director, Kevin Warn-Schindel.
-- BERNAMA
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