James Metcalfe, the global head of power and utilities investment banking at UBS, will become the seventh partner at Greenwich, Conn.-based infrastructure investment firm Alinda Capital Partners.
Metcalfe will focus on core infrastructure investments along with another Alinda partner, Graeme Bevans. Core infrastructure investments are a new strategy for Alinda, which has previously focused on value-added infrastructure investments.
Alinda sees investments in utilities and energy infrastructure as key categories of core infrastructure, and Metcalfe has had extensive experience in utility and power M&A at UBS and his previous firms, Lehman Brothers and JP Morgan.
Other senior professionals hired recently by Alinda for its core investment strategy include Craig Harris, former director of the midstream group at El Paso Corporation; Patrick Bastien, former head of Veolia Energy North America's business in the Western United States; and Guy Harris, former director of strategy and performance management at DTE Energy.
Alinda Capital Partners is an independent firm that is the largest manager in the United States of pension assets for investment in infrastructure and the third largest in the world, with over $7 billion of assets under management. Alinda’s investors are predominantly U.S. and European pension funds for public sector and private sector workers.
Funds managed by Alinda have ownership interests in airports – including Heathrow Airport in the United Kingdom—roads, bridges and a tunnel, a rail service, natural gas distribution utilities, natural gas pipelines and storage, renewable energy, water supply and wastewater treatment, telecommunications networks, water tanks and other infrastructure assets providing essential services to communities.