Jacmel Partners Invests In LaGuardia Gateway Partners, Expanding Infrastructure Projects
Benzinga Newsdesk 1 year ago
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Jacmel Partners ("Jacmel"), a minority-owned alternative investment firm, announced today that its Jacmel Infrastructure platform, with support from GCM Grosvenor (NASDAQ:GCMG), a global alternative asset management
Jacmel Partners ("Jacmel"), a minority-owned alternative investment firm, announced today that its Jacmel Infrastructure platform, with support from GCM Grosvenor (NASDAQ:GCMG), a global alternative asset management solutions provider, has made an investment through Vantage Group's LLC in LaGuardia Gateway Partners (LGP), the private company that recently redeveloped and manages LaGuardia Airport Terminal B in New York City. Jacmel acquired a minority equity stake in LGP.
LGP has been responsible for the investment, private operation, and development of LaGuardia Airport's Terminal B through a long-term public-private partnership (P3) with the Port Authority of New York and New Jersey. The P3 project encompasses the $5.1 billion redevelopment of the terminal in 2022, marking one of the largest transportation infrastructure projects completed in US history.