Vincent Policard joins KKR as a director in the firm’s infrastructure team. Policard, who will be based in London, will be responsible for originating and executing transactions in the European infrastructure sector. He joins from Morgan Stanley where he was part of the infrastructure fund team.
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced the appointment of Vincent Policard as a Director in its Infrastructure team. Vincent, who will be based in London, will be responsible for originating and executing transactions in the European infrastructure sector. He joins KKR from Morgan Stanley, where he most recently spent three years in the firm’s infrastructure fund team (MSI). Here he was responsible for originating and executing transactions in the European infrastructure sector, most notably playing a leading role in MSI’s investments in Madrilena Red de Gas, the Spanish gas distributor, and Eversholt Rail Group, the UK rolling stock leasing company.
Over the last year, KKR’s global infrastructure fund made four significant investments, with three of these coming from the European Infrastructure team: in June it partnered with Sorgenia to invest in operating wind assets in France, in July it partnered with Munich Re to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic (PV) power generator, and in November it partnered with Criteria CaixaHolding, Torreal, and ProA Capital to acquire an equity stake in Saba Infraestructuras, a leading car parks and logistics operator. In December, KKR’s U.S. infrastructure fund formed a partnership with Google to acquire a portfolio of solar PV projects in California from Recurrent Energy. The partnership involved the creation by KKR of SunTap, a new venture to invest in solar projects in the U.S.
Commenting on his appointment, Vincent said: “Infrastructure as an asset class offers tremendous opportunities and I am excited to be joining such a strong and growing team in this area. KKR has the skills, track record and ambition to become a leader in infrastructure and also brings a great spirit of partnership to each investment it enters. I look forward to applying my experience to further establish KKR’s global infrastructure platform.”
Marc Lipschultz, Global Head of KKR’s Energy and Infrastructure business, said: “Today’s announcement represents a further step in the development of KKR’s energy and infrastructure effort. Being able to attract such senior talent to KKR is a testimony to the growing strength of our infrastructure franchise. Vincent brings with him significant transaction experience, having spent fifteen years in the financial and investing industries and he also has a strong knowledge of all key European markets and established relationships across the sector. He led his teams at Morgan Stanley on notable investments in the infrastructure space and we look forward to welcoming him to the team at KKR.”
Jesus Olmos, European Head of KKR’s Infrastructure Fund, added: “We are very pleased to welcome Vincent to our Energy & Infrastructure team in London. Vincent brings complementary skills to the existing team in terms of execution capabilities and geographic reach, and we look forward to working with him as we build on our strong position in the European energy & infrastructure sector.”
Prior to his most recent role, Vincent spent nine years in Morgan Stanley’s investment banking division, providing advice on M&A and financing issues to corporates and financial sponsors across a variety of sectors and geographies. Before joining Morgan Stanley, Vincent spent three years in BNP Paribas’ investment banking division, based in Frankfurt.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $58.7 billion in assets under management as of September 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For additional information, please visit KKR’s website at www.kkr.com.