NEW YORK--(BUSINESS WIRE)--Corsair Infrastructure Partners (“CIP”), the global infrastructure investment business of Corsair Capital (“Corsair”), today announced that John D. Porcari, President of US Advisory Services at WSP and former United States Deputy Secretary of Transportation, has joined CIP as an Operating Partner.
Mr. Porcari brings a wealth of relevant sector experience to CIP. He currently directs the US Advisory Services business at WSP, a global engineering and professional services consultancy, and will continue his leadership role at the firm.
Hari R. Rajan, Managing Director of Corsair and Head of CIP, said, “We are thrilled to welcome John as an Operating Partner, and believe his deep expertise in transportation will add significant value to our infrastructure business as we increase our focus on this complex, growing and attractive sector. John’s extensive knowledge, execution capabilities and relevant expertise make him an ideal Operating Partner for our transportation assets around the world.”
In addition to his current role at WSP, Mr. Porcari also serves as Interim Executive Director of the Gateway Program Development Corporation, the entity charged with designing, financing and constructing the Gateway program of projects in the New York and New Jersey metropolitan area. Previously, Mr. Porcari served for four and a half years as Deputy Secretary of the United States Department of Transportation, having been nominated by President Barack Obama and unanimously confirmed by the Senate. He also twice served as Secretary of the Maryland Department of Transportation and as CFO and COO of the University of Maryland, as well as a variety of economic development positions at the local and state government levels.
“I am pleased to be working with Corsair Infrastructure Partners at this important time for the business, and I am excited to lend my experience and industry knowledge to CIP and its attractive portfolio of transportation assets,” said Mr. Porcari. “CIP’s thoughtful, patient and strategic approach to creating value is well-suited to the transportation sector, and I look forward to working closely with the CIP team and its strong portfolio company management groups in the years to come.”
As part of his new role as Operating Partner, Mr. Porcari has also joined the Board of Directors of Vantage Airport Group, a portfolio company of CIP.
About Corsair Infrastructure Partners
Established in 2015, Corsair Infrastructure Partners is the global infrastructure equity sponsorship and investment management business of Corsair Capital. CIP currently manages Gateway Infrastructure Investments, a $2.9 billion infrastructure fund with assets worldwide, through a sub-advisory agreement with the general partner. More information on Corsair Infrastructure Partners can be found at www.corsair-infrastructure.com.
About Corsair Capital
Corsair Capital is a specialist private equity firm focused on investing in the financial services industry. Corsair has invested across a range of geographies and cycles, and in substantially all of the subsectors of the financial services industry including payments, insurance, asset management, depository institutions, and specialty finance in North America, Western Europe, and the Emerging Markets of Asia, Latin America and Central Europe. More information about the firm may be accessed through the website www.corsair-capital.com.