NEW YORK CITY—Related Cos. is drawing on its experience in working with the public sector to launch Related Infrastructure. Part of the Related Fund Management platform, the newly formed investment group will focus on transportation opportunities and businesses that drive efficiency and affordability for state and local governments.
Joining Related Fund Management as managing partners are Anthony Foxx and Andrew Right, who will lead Related Infrastructure as managing partners. The former mayor of Charlotte—a tenure which saw him play key roles in local transportation projects—Foxx most recently served as Secretary of Transportation in the Obama administration. Right has more than a decade of investment experience in the sector, including the Infrastructure Investment Group he helped launch at Goldman Sachs before founding Cherry Lane Capital.
“Secretary Foxx and Andrew Right bring a unique set of complementary skills to Related Infrastructure,” says Justin Metz, managing principal of Related Fund Management. “Their combined public, private and investment perspectives make them the ideal leaders for this new business.”
Targeted investment opportunities of Related Infrastructure will include platforms that develop and manage transportation-related assets and municipal assets as well as companies providing infrastructure-related businesses, services and technologies. These include those that provide, operate and maintain the services and technologies that are critical to smart cities, resilient energy infrastructure and urban technology deployments.
Arguably the highest-profile example of Related's experience in public-private partnerships is its Hudson Yards mega-project on Manhattan's Far West Side. The 26-acre complex which Related is developing in partnership with Oxford Properties Group is rising over trackage that's in daily use by the Long Island Rail Road.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
