After a dozen years at the head of the Colonial First State Global Asset Management (CFSAM) infrastructure team, Stephen Vineburg has joined a private equity firm.
Vineburg is the new chief executive of CVC Capital Partners' investment vehicle, CVC Infrastructure.
The new United Kingdom venture combines investment and industrial expertise to apply a value-added approach to infrastructure asset investing.
The fund aims to raise US$2 billion ($2.2 billion) in the first half of 2008 primarily in Europe to invest in infrastructure assets.
Vineberg was a pioneer of infrastructure investment, managing portfolios of investments in toll roads, railways, airports, and water, gas and electricity businesses for institutional clients since 1994.
He was with CFSAM for 20 years.
A CFSAM spokeswoman said the company was not looking for a replacement global head of infrastructure investment.
