Apr 29th, 2020
April 29, 2020 – Fair Market Value Capital Partners, the infrastructure investment manager recently launched by former IFM director Frederic Michel-Verdier, has appointed Ruwantha Vidanaarachchi as a new partner.
London-based Vidanaarachchi, who will begin his new role on 1 May, was most recently a senior vice president at Gingko Tree Investment, the Chinese state-owned investor, with responsibility for infrastructure investments in Europe.
Due to this position, he also was a board member of Madrid gas distribution company Madrilena Red de Gas, which a consortium of Gingko Tree, EDF Invest and PGGM bought in 2015.
He was also a board member of Sweden’s Arlanda Express train line concession, which was acquired by a consortium including Gingko Tree in 2014.
Before joining Gingko in 2015, Vidanaarachchi was a senior associate at IFM Investors for five years, working closely with Fair Market Value Capital Partners founding partner and CEO Michel-Verdier, an IFM director until last year.
Michel-Verdier launched Fair Market Value Capital Partners earlier this year to invest equity in Europe’s infrastructure assets, in sectors including energy, transport, telecoms and the environment.
The manager will act as exclusive advisor to a newly created “permanent capital platform” – consisting of a group of institutional investors including pensions funds, insurance, asset managers and large family offices – focusing on deal sourcing and arranging investments.
This might eventually lead to launching a formal fundraising for a new fund in the future, Michel-Verdier previously told Inframation. The investor has already examined several infrastructure deals, including one in the energy transition sector in Central Eastern Europe and a second one in the telecoms and data sector in Spain.
In addition to the appointment of Vidanaarachchi, Fair Market Value Capital Partners is also in the process of creating a network of senior advisors with specific geographic and sector expertise to further strengthen the manager’s capabilities.
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