Asset manager Infranity strengthens positioning in North America with first office opening.
Infranity, an
infrastructure specialist investor, part of
Italy-headquartered Generali Investments, has bolstered its
presence in North America. It has opened its first office in
New York and appointed three new experts in that market.
Reflecting its growth ambition, Infranity has hired Paul
Colatrella, Katherine McElroy, and William Kim who have been
active on the strategy Infranity will be pursuing in North
America for its first step in this market.
They bring knowledge and experience in origination, investing and
fundraising in the North American market, the firm said in a
statement. Infranity has formed a separate US entity, Infranity
NA, that is based in New York.
“We are excited to support Infranity, a successful and
fast-growing affiliate of Generali Investments, as we expand into
the US market where we see growing infrastructure investment
opportunities for our clients,” Woody Bradford, chief executive
officer of Generali Investments and chair of Infranity’s board,
said.
Colatrella, who has been appointed as managing director and head
of North America for debt, will manage Infranity’s US debt
investment team. Previously, he was head of infrastructure debt
at Fiera private debt, where he managed Fiera”s infrastructure
private debt platform. He has more than 30 years of
experience in the investment sector and a focus on clean energy
investments.
McElroy has been appointed as managing director in the debt
investment team. Formerly managing director at Fiera private
debt, she focused on originating direct investments in North
American infrastructure projects for the firm’s infrastructure
private debt strategy. She brings experience in private markets,
sustainable and responsible investment, as well as power and
renewable energy-related debt investments.
Kim has been appointed as director in the debt investment team.
Former director at Fiera private debt, he focused on North
American infrastructure projects. Previously, he was an associate
on the clean energy infrastructure credit team at Capital
Dynamics.
“Building and improving infrastructure that enables the
transition to more a resilient and productive economy is a
strategic imperative in most countries. In that respect, North
America represents an attractive and compelling growth area,
driven by opportunities created by the Inflation Reduction Act
and market trends such as increasing demand for data centers in
the US and Canada. Our expansion into this market is an important
milestone on our journey to unlock the value of the transition in
infrastructure and we expect North America to be a key
contributor to our future success as we are scaling up our
ambitious growth trajectory,” Bradford said.
Founded in 2018, and supported by Generali, an insurance group,
Infranity has built a position in infrastructure debt and equity
investments, closing almost 100 investments in excess of about €9
billion ($9.8 billion), seeking to deliver long-term
risk-adjusted returns for its investors. Infranity’s growing
assets under management now exceed €11 billion.