Friday, June 19, 2009

The Private equity face of infrastructure


Adebayo Ogunlesi is the Chairman and Managing Director of Global Infrastructure Partners and is based in New York City.

Bayo previously served as Executive Vice Chairman and Chief Client Officer of Credit Suisse’s Investment Banking Division with senior responsibility for Credit Suisse’s corporate and sovereign investment banking clients. From 2002 to 2004, he was Head of Credit Suisse’s Global Investment Banking Department, responsible for worldwide capital markets (debt and equity), mergers and acquisitions, corporate finance and advisory, industry, country and regional banking businesses.

Bayo was previously Head of Global Power, Utilities and Project Finance in 1994, and from 1997-2002, served as Head of the Global Energy Group (power, utilities, oil and gas, chemicals, mining and project finance).
Prior to becoming an investment banker, he was an attorney with the New York law firm of Cravath, Swaine & Moore. From 1980 to 1981, he served as a Law Clerk to the Honorable Thurgood Marshall, Associate Justice of the United States Supreme Court.

Ogunlesi, more commonly known as Bayo, holds a record that many in the private equity world would envy: the largest first-time fundraise for an independent fund manager. Even more impressive is the fact that he raised GIP's $5.64 billion war chest with a focus on an emerging asset class that was just beginning to be understood by investors. People familar with the native Nigerian credit the suscess to his laser-eyed focus on bringing operational efficiences to infrastructure assets. He is by far the loudest propenent of his strategy - a mainstay of the private equity sphere that is fast becoming mainstream in the infrastructure asset class, thanks in large part to his advocacy. His lean mean management of London's City airport, which GIP bought in concert with AIG affiliate in 2006 for £770 million, is the textbook example of this growing trend.

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