Arjun Infrastructure Partners
Arjun Infrastructure Partners
Direct infrastructure investing through a partnership approach

ABOUT US

Arjun Infrastructure Partners (AIP) is an independent infrastructure asset management company. It was founded in 2015 by the former European management team of the Global Infrastructure Investments Fund at J.P. Morgan Asset Management, led by Surinder Toor.

AIP offers a true partnership approach to institutional investors to access direct infrastructure investments. It focusses on opportunities delivering attractive risk adjusted returns within the infrastructure space over the long-term.

AIP's team has extensive operational and financial experience in regulated utilities, energy and renewables, and transportation. AIP has attracted highly talented senior industry professionals who share the ambition of building a fully aligned long-term partnership with institutional investors.

AIP invests and manages capital on behalf of several large institutional investors within a long-term alliance structure. As of today, AIP manages £1.6 billion of capital across 10 investments or investment platforms on behalf of like-minded institutional investors.

KEY PRINCIPLES

The Partnership approach allows the AIP team to act as an extension of an in-house investment team.
It is driven by four key principles:

Remain focused on investment scope agreed with investor partners
Maintain efficient cost structure shared amongst like-minded investors
Provide governance transparency with investor control over key decisions
Keep perfect alignment of interest between AIP and investor partners

TEAM

Combination of strong track record in investments and deep operational expertise

  • Team with an established track record of core infrastructure investments
  • Team with real operational strength and experience working within infrastructure companies in various sectors
  • True reach into the industry with the expertise and network to execute
  • Team who have been working together for many years
  • Experience with J.P. Morgan AM, Macquarie, Dong Energy, Scotia Gas, Thames Water, Vattenfall, AEP, and Wales & West Utilities.

TEAM

Surinder Toor

Partner

Surinder Toor

Partner

Surinder is the Founding Partner of AIP. He has a successful track record in acquiring and managing infrastructure investments, combining strong asset management operational experience. Until 2014 Surinder was Head of Europe for J.P. Morgan’s $3.5bn Global Infrastructure Investment Fund. Surinder was previously the CFO of Scotia Gas Networks, ran the European operations of American Electric Power and held positions with Arthur Andersen Energy & Utilities Group.

Charles Hazelwood

Partner

Charles Hazelwood

Partner

Charles is a Partner at AIP. He has held several senior financial and operational management positions in the utility sector. Prior to joining AIP, he was an adviser to infrastructure investors on the acquisition, transition, management and refinancing of a number of energy and utility businesses. Charles was previously CFO of Wales & West Utilities from 2005 until 2011. Prior to this, he worked at American Electric Power and started his career at Deloitte where he spent 16 years providing transaction support, strategy, regulatory and accounting advice in a number of infrastructure sectors and geographies.

François Bornens

Partner

François Bornens

Partner

François is a Partner at AIP, with responsibility for business development. Until the end of 2014, he was responsible for all client relationships and capital raising for the J.P. Morgan infrastructure product platform across Europe and the Middle East. Before this François spent two decades at Citi in a number of senior roles in London and Paris. As the co-head of marketing and distribution for Europe at Citi Alternative Investments, François led a team, responsible for all senior level relationships covering alternative products including infrastructure, real estate, private equity and credit strategies.

Peter Antolik

Partner

Peter Antolik

Partner

Peter is a Partner of AIP. His background covers regulated companies, transport regulation, and the management of infrastructure funds and investments. Peter joined AIP from the Office of Rail and Road, where as the Highways Director he oversaw a £15bn investment programme. He was previously an executive director in JP Morgan's $3.5bn Infrastructure Investment Fund. Prior to this, Peter was the Strategy and Regulation Director of Thames Water and worked with Macquarie Bank, creating and managing the €6bn European infrastructure funds. He started his career with Accenture.

Serkan Bahçeci

Partner

Serkan Bahçeci

Partner

Serkan is a Partner and Head of Research at AIP. Serkan is an economist with an established track record in infrastructure investments research. Before joining AIP, Serkan was the Head of Infrastructure Research at  J.P. Morgan Asset Management’s Infrastructure Investment Group between 2007 and 2018, and led the first dedicated infrastructure investment research team in the global asset management industry. Serkan started his career as an academic and was a faculty member at the Department of Economics of Brandeis University. Serkan holds a PhD in Economics from Brown University.

Eugene Ide

Principal

Eugene Ide

Principal

Eugene is a Principal at AIP. He has 14 years of experience in infrastructure deal execution and asset management in the power, utilities, and transportation sectors, both in OECD countries and emerging markets. Prior to joining AIP, Eugene was a Vice President at J.P. Morgan Asset Management, with a focus on European investments for J.P. Morgan’s Infrastructure Investment Fund. Eugene was also previously at the International Finance Corporation of the World Bank Group, where he worked on various privatisation and project finance deals in Eastern Europe, North Africa, Latin America, and Asia.

Roxane Parfond

Principal

Roxane Parfond

Principal

Roxane is a Principal at AIP. She is actively involved in all aspects of AIP’s acquisition process. Since joining, she has worked in the Water sector and on an various utility businesses. Prior to joining AIP, Roxane was a manager in Corporate Finance at PwC for 4 years, where she focused on advising both public and private sector clients on large transport infrastructure projects in the UK.
She started her career in Credit Agricole’s Corporate and Investment Bank covering power and natural resources (mining, oil & gas) sectors in Europe, the Middle-East and Africa.

Christian James-Milrose

Principal

Christian James-Milrose

Principal

Christian is a Principal at AIP. Since joining, he has worked on a range of transactions in the renewable energy and transport sectors.
Prior to joining AIP, Christian worked as a management consultant at Q5 where he focused on benchmarking, financial & headcount modelling, business strategy, and organisation design. Christian started his career in IBM’s consultancy practice.
He has passed Level II of the CFA program.

Will Johnson

Analyst

Will Johnson

Analyst

Will Johnson is an Analyst at AIP. He initially joined the team as a graduate trainee. He is now part of the Investment team of AIP where he focusses on supporting the asset management side of the portfolio.

Industry Partner

Henrik Valgma

Partner & Industry Partner

Henrik Valgma

Partner & Industry Partner

Henrik is a Partner at AIP and serves as an Industry Partner. He is the CEO of Dala Water and Waste in Sweden. Before this, Henrik served as Senior Vice President and Head of Portfolio Management and Trading at DONG Energy. He was responsible for the management of the energy commodity exposures and the real time optimisation of the entire gas portfolio, gas capacity assets, international CCGTs and wind farms and the power contracts portfolio of the DONG Energy Group. Henrik was previously at Vattenfall where he served as the CEO of Vattenfall Trading and the Chief Trading Officer.

Peter Bucks

Industry Partner

Peter Bucks

Industry Partner

Peter is an Industry Partner at AIP. He has a background in banking and finance as well as economic regulation. He was a Senior Financial Adviser at Ofgem from 1997-08 and Corporate Finance Adviser at Ofwat from 2000-06. He has been a non-executive director of two UK regulatory authorities, the Office of Rail and Road (2004-14) and Ofwat (2006-11). He is an independent non-executive director of Market Operator Services Limited (MOSL), the designated market operator for the competitive market in water and sewerage retail supplies, and was formerly non-executive chairman of Open Water Market Ltd.

Keith Harris

Industry Partner

Keith Harris

Industry Partner

Keith is an Industry Partner at AIP. He provides strategic, financial, regulatory and operational advice to governments, regulators, investors, banks and company boards. He is a non-executive director at Ervia and SSWPlc, is an Advisory Board member of Buckthorn Partners, and an associate of OXERA. He spent many years as deputy CEO and CFO of Wessex Water. He was global Head of Regulation for ENRON/Azurix, has worked in electricity and gas distribution M&A, built renewables businesses and has restructured a number of under-performing companies.

Marcela Zeman

Industry Partner

Marcela Zeman

Industry Partner

Marcela is an Industry Partner at AIP. She has over 25 years of international experience in the privatised airport industry in both the operational businesses and for airport infrastructure investment funds. Marcela specialises in maximising commercial airport business plans and airport business acquisitions and valuations. Marcela was Chairman and non-executive Board Director for the North Queensland Airports group companies (Cairns and Mackay airports) and a non-executive Board Director at the Hobart International Airport. Marcela has held senior roles with Macquarie Airports, Aeroporti di Roma and BAA.

Abhi Naha

Industry Partner

Abhi Naha

Industry Partner

Abhi is an Industry Partner at AIP. He has over 25 years of experience in the telecoms and technology sector. He was the CEO and Founder of Zone V, a Cambridge start up backed by Qualcomm and ARM. He held senior management roles at Powermat and the Silicon Valley mobile touchscreen technology provider, Synaptics. He has also held advisory roles for Goldman Sachs and Silver Lake in the area of mobile user interface technologies. Abhi is Chief Commercial Officer of Cambridge Wireless, and a senior advisor to autonomous mobility and smart city infrastructure programmes.

Jeremy Cross

Industry Partner

Jeremy Cross

Industry Partner

Jeremy is an Industry Partner at AIP. He is a qualified corporate lawyer, with considerable experience within the renewable energy sector. He is currently Chief Legal Officer at GridServe and was previously Legal and Commercial Director at Anesco, a leading renewable energy and energy storage company. Working closely with its founders and investors, he helped the company becoming one of the top 100 cleantech companies globally. Training as a lawyer at Lovells LLP, Jeremy previously focused on real-estate finance and corporate M&A as a private practice lawyer.

CONTACT US

AIP – Arjun Infrastructure Partners
33 St James's Square
London SW1Y 4JS
Tel : +44 (0) 20 3709 5330
Email: contact@aip-am.co.uk

Long-term Infrastructure Investors Association

Important notice: the information on our site is only directed at professional clients and eligible counterparties and the services or investments referred to on our site are only available to professional clients and eligible counterparties. Retail clients should not rely on the information herein. Arjun Infrastructure Partners Ltd is authorised and regulated by the Financial Conduct Authority.

All views expressed on this site are of the author(s) and do not represent the opinions of any entity with which the author(s) is (are) affiliated. This site has been prepared solely for informational purposes and should not be construed as investment advice in any form or shape. The contents are based on information generally believed to be reliable although no representation is made that it is accurate and complete.