Investcorp, an alternative investment firm that manages $40 billion in assets, has launched a private infrastructure investment platform. The business will be North American-focused and use the firm’s real estate and private equity experience to make investments in infrastructure companies.

Investcorp launched its first Infrastructure investment business in 2019 in the Gulf Cooperation region through a joint venture with Aberdeen Standard Investments. Additionally, Michael Ryder has joined Investcorp as a senior advisor leading the business.

Executive chairman of Investcorp Mohammed Alardhi said, “”The launch of Investcorp’s North America infrastructure business builds upon our long history of success investing in private alternatives on behalf of our global client base, leveraging our strong and established experience in real estate and private equity. Infrastructure is a critical focus area as we see increased activity to upgrade the region’s aging infrastructure.”