Infrastructure industry veteran Frederic Michel-Verdier has just launched a new platform targeting equity investments in infrastructure, six months after his departure from IFM Investors.
The new investment manager, Fair Market Value Capital Partners, will seek to invest in the energy, transport, telecoms and environment sectors across Europe, Michel-Verdier told Inframation.
This “permanent capital platform” will initially seek to focus on deal sourcing and partner with other co-investors. This might eventually lead to launching a formal fundraising for a new fund later on, he said.
“Our main approach will be club-deal transactions, with operating partners dedicated to the asset, people like experienced ex-CEOs and ex-CTOs with specific knowledge of the type of assets we target,” he said.
It has already examined several “sizeable infrastructure deals,” he said, without adding further details on the possible investments.
The new platform will target core+ infrastructure assets in western European countries, and core assets in other peripheral European markets.