Goldman Sachs hires KKR MD to lead Infrastructure investments

09 May 2019 - 12:00 am UTC

Goldman Sachs has hired Cedric Lucas, formerly of KKR, to join its West Street Infrastructure Partners fund as managing director, a spokesperson for the company confirmed.

West Street Infrastructure Partners is a fund managed by Goldman Sachs’ merchant banking arm.

Lucas was previously a managing director at KKR where he worked on the energy and infrastructure team. He came to KKR in 2014 and worked in infrastructure advising in the US and Mexico.

Before coming to KKR, Lucas was a senior vice president and head of midstream energy at Macquarie Infrastructure Partners, according to his LinkedIn profile.

Goldman Sachs executives launched West Street Infrastructure Partners III in 2015 to target brownfield equity investments with some element of control in the road, ports, rail, airports, energy, pipelines, renewables, water, utilities and telecoms assets. The fund, which has existed since 2006 and is now in its third generation, typically deploys between USD 100m and USD 500m per deal.

Notable current investments include a 50% equity stake in the 2018 CityFibre Acquisition in the United Kingdom, and a 50% stake of USD 136.5m in the Compañía de Puertos Asociados (Compas) Sale from Colombian conglomerate Grupo Argos in 2017.

 

Read more