The firm has partnered with credit manager Capital Four and is winding down its equity business with the departure of two senior partners.
The reorganisation of its management comes amid the recent €1.35bn closing of its third fund, €150m short of target.
The termination comes after Foo’s former co-head of infra, long-time staffer Geoff Strong, left the firm late last year.
Michael Hill, who was also the head of CPP Investment’s New York office, will succeed Annesley Wallace when he begins the role in September.
The new hire is the first at the partner-level for the credit team since its chair, Jennifer Powers, and co-founder, Reiner Boehning, left the firm in March 2022.
The former CEO of Enel tell us he sees strong investment opportunities in flexibility assets, digitising the grid, as well as in renewables.
The women in the infrastructure category of our annual Women of Influence in Private Markets list include some of the leading voices within sustainability and the energy transition.
Jennifer Powers and Reiner Boehning are investing $2.5bn for ECP’s climate credit strategy – which they sourced independently in the year since departing GIP.
Gautam Bhandari tells us his new role ‘formalises something I’ve been doing for quite some time’ as fellow co-founder Adil Rahmathulla prepares to depart in June 2024.
Lawrence has been replaced internally by James Bryce, who previously led the portfolio value creation group at the Canadian pension.