Infracapital, M&G’s infrastructure equity investment platform—integrated within its Private Markets division with £81 billion in assets under management—has appointed John Bruen as the firm’s new head. He will join on September 1 and report to Emmanuel Deblanc, Chief Investment Officer of Private Markets at M&G Investments.
According to the company, John brings over 25 years of international infrastructure investment experience. He joins from H.I.G. Capital where, as Managing Director and partner, he helped establish the firm’s infrastructure platform and raise its first value-add infrastructure fund, which reached $1.3 billion. He also possesses extensive experience investing in and managing portfolio companies across the infrastructure sector, having previously worked at Macquarie Asset Management and Ferrovial Airports.
He will succeed Martin Lennon, who is retiring after a career of more than 36 years in the industry. Since co-founding Infracapital in 2001, he led its growth into one of Europe’s leading middle-market infrastructure investors. Under his leadership, Infracapital raised over £9 billion across a series of dedicated funds investing in essential infrastructure across Europe, through public-private partnerships, brownfield infrastructure assets, and greenfield projects spanning energy, digital infrastructure, transport, and utilities.
Infracapital notes that at a time when Europe seeks to strengthen its energy security, accelerate decarbonization, drive digitalization, and foster economic growth, the company plays a prominent role in financing and developing the essential infrastructure on which communities and businesses rely.
Key Reactions
“John is a highly respected leader in the infrastructure sector, with an outstanding track record in investing and building businesses. His combination of investment expertise and leadership capabilities, alongside his strong industry relationships, position him exceptionally well to lead Infracapital into its next phase of growth at a time when demand for investment in essential infrastructure continues to rise across Europe. I would like to thank Martin for his extraordinary contribution to the business over the past 28 years. Under his leadership, Infracapital has established itself as a trusted partner for both investors and portfolio companies, while playing a pivotal role in developing the infrastructure investment sector in Europe. Martin will remain actively involved during the leadership transition process, working closely with the team to ensure a smooth handover and continuity for clients and stakeholders,” highlighted Emmanuel Deblanc, CIO of Private Markets at M&G Investments.
For his part, John Bruen stated: “As demand for infrastructure continues to grow, driven by the energy transition, digitalization, and the need to modernize critical assets, the market presents significant long-term investment opportunities. Infracapital’s investment approach, deep sector expertise, and strong track record place it in a privileged position to capitalize on these structural trends. I am excited to work alongside the team to build on these strong foundations and continue generating value for our investors and stakeholders.”
“I am proud of what we have built at Infracapital over the past 25 years. Our success has been made possible thanks to the contributions of numerous highly talented professionals, both past and present, and the trust our clients have placed in us. Together, we have helped transform infrastructure investing from a niche strategy into an established asset class for institutional investors, and it has been a privilege to experience that evolution firsthand. I retire with peace of mind knowing that the firm is in an exceptionally strong position for the future,” added Martin Lennon regarding his departure from the firm.
