Jacmel Partners Announces P3 Investment in New York's LaGuardia Airport Terminal B
Jacmel Partners, supported by GCM Grosvenor (GCMG), has acquired a minority stake in LaGuardia Gateway Partners (LGP) through Vantage Group's LLC. LGP manages LaGuardia Airport Terminal B through a public-private partnership with the Port Authority of NY and NJ. The terminal underwent a $5.1 billion redevelopment in 2022, representing one of the largest US transportation infrastructure projects.
The investment marks Jacmel Infrastructure's first venture, building on their relationship with LGP through Arora Engineers, a Jacmel portfolio company. Terminal B has achieved notable recognition, including LEED v4 Gold Certification, the Envision Platinum Award, and was named best airport in North America for domestic and short-haul international travel by Skytrax.
Jacmel Partners, supportata da GCM Grosvenor (GCMG), ha acquisito una partecipazione minoritaria in LaGuardia Gateway Partners (LGP) tramite la LLC di Vantage Group. LGP gestisce il Terminal B dell'Aeroporto LaGuardia attraverso una partnership pubblico-privata con la Port Authority di NY e NJ. Il terminal ha subito un rinnovamento da 5,1 miliardi di dollari nel 2022, rappresentando uno dei più grandi progetti infrastrutturali di trasporto negli Stati Uniti.
Questo investimento segna la prima iniziativa di Jacmel Infrastructure, consolidando il loro rapporto con LGP tramite Arora Engineers, una società del portafoglio Jacmel. Il Terminal B ha ottenuto riconoscimenti importanti, tra cui la certificazione LEED v4 Gold, il premio Envision Platinum, ed è stato nominato il miglior aeroporto del Nord America per i viaggi nazionali e internazionali a corto raggio da Skytrax.
Jacmel Partners, respaldado por GCM Grosvenor (GCMG), ha adquirido una participación minoritaria en LaGuardia Gateway Partners (LGP) a través de la LLC de Vantage Group. LGP administra la Terminal B del Aeropuerto LaGuardia mediante una asociación público-privada con la Autoridad Portuaria de NY y NJ. La terminal fue sometida a una reconstrucción de 5.1 mil millones de dólares en 2022, siendo uno de los proyectos de infraestructura de transporte más grandes de Estados Unidos.
La inversión representa la primera iniciativa de Jacmel Infrastructure, fortaleciendo su relación con LGP a través de Arora Engineers, una empresa del portafolio de Jacmel. La Terminal B ha recibido reconocimientos destacados, incluyendo la certificación LEED v4 Gold, el Premio Envision Platinum, y fue nombrada el mejor aeropuerto de Norteamérica para viajes domésticos y de corta distancia internacional por Skytrax.
Jacmel Partners는 GCM Grosvenor (GCMG)의 지원을 받아 Vantage Group의 LLC를 통해 LaGuardia Gateway Partners (LGP)의 소수 지분을 인수했습니다. LGP는 뉴욕 및 뉴저지 항만청과의 민관 협력으로 LaGuardia 공항 터미널 B를 관리하고 있습니다. 이 터미널은 2022년에 51억 달러 규모의 재개발을 완료했으며, 이는 미국 내 최대 규모의 교통 인프라 프로젝트 중 하나입니다.
이번 투자는 Jacmel Infrastructure의 첫 사업으로, Jacmel 포트폴리오 회사인 Arora Engineers를 통해 LGP와의 관계를 기반으로 합니다. 터미널 B는 LEED v4 골드 인증, Envision 플래티넘 상을 받았으며, Skytrax로부터 국내 및 단거리 국제 여행 부문에서 북미 최고 공항으로 선정되었습니다.
Jacmel Partners, soutenu par GCM Grosvenor (GCMG), a acquis une participation minoritaire dans LaGuardia Gateway Partners (LGP) via la LLC de Vantage Group. LGP gère le Terminal B de l'aéroport LaGuardia dans le cadre d'un partenariat public-privé avec la Port Authority de NY et NJ. Le terminal a fait l'objet d'une réhabilitation de 5,1 milliards de dollars en 2022, représentant l'un des plus grands projets d'infrastructures de transport aux États-Unis.
Ce placement marque la première opération de Jacmel Infrastructure, renforçant leur collaboration avec LGP via Arora Engineers, une entreprise du portefeuille Jacmel. Le Terminal B a reçu plusieurs distinctions, notamment la certification LEED v4 Gold, le prix Envision Platinum, et a été désigné meilleur aéroport d'Amérique du Nord pour les voyages domestiques et internationaux de courte distance par Skytrax.
Jacmel Partners, unterstützt von GCM Grosvenor (GCMG), hat über die LLC von Vantage Group eine Minderheitsbeteiligung an LaGuardia Gateway Partners (LGP) erworben. LGP verwaltet das Terminal B des LaGuardia Flughafens im Rahmen einer öffentlich-privaten Partnerschaft mit der Port Authority von NY und NJ. Das Terminal wurde 2022 einer 5,1 Milliarden Dollar umfassenden Neugestaltung unterzogen, die eines der größten Infrastrukturprojekte im US-Verkehrssektor darstellt.
Die Investition markiert das erste Vorhaben von Jacmel Infrastructure und baut auf der Beziehung zu LGP über Arora Engineers, einem Unternehmen im Jacmel-Portfolio, auf. Terminal B erhielt bedeutende Auszeichnungen, darunter die LEED v4 Gold-Zertifizierung, den Envision Platinum Award, und wurde von Skytrax als bester Flughafen Nordamerikas für Inlands- und Kurzstreckeninternationalreisen ausgezeichnet.
- Strategic investment in a major infrastructure asset serving millions of travelers annually
- Terminal B holds prestigious certifications (LEED v4 Gold, Envision Platinum) demonstrating sustainable practices
- Recent recognition as best airport in North America by Skytrax enhances investment value
- Long-term P3 agreement provides stable revenue potential
- Minority stake position limits control over operations and strategic decisions
- High initial investment cost ($5.1B project) may impact returns
Insights
GCM Grosvenor supports Jacmel's minority stake acquisition in LaGuardia Terminal B, expanding its infrastructure portfolio with a prestigious P3 investment.
This investment represents a strategic expansion for GCM Grosvenor (
The transaction aligns with GCM Grosvenor's alternative investment strategy, particularly in the infrastructure sector. LaGuardia Terminal B is no ordinary asset – it underwent a
What makes this particularly compelling is the long-term revenue stability typical of P3 infrastructure assets. Airport terminals generate consistent cash flows through airline fees, retail concessions, and other revenue streams, providing predictable returns over decades. The investment grants GCM Grosvenor and Jacmel exposure to critical transportation infrastructure with built-in inflation protection and limited competition.
While the exact financial terms and GCM Grosvenor's specific role weren't disclosed, this move demonstrates the firm's commitment to diversifying its alternative investment portfolio with high-quality infrastructure assets that offer stable, long-term returns – a particularly attractive proposition in today's market environment.
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
"As LaGuardia's central hub for several major airlines, Terminal B sees millions of travelers every year, and LGP's recent redevelopment has only enhanced its operational capabilities," said Nick Jean-Baptiste, Co-Managing Partner of Jacmel. "The terminal will be a critical piece of infrastructure—for both the local community and for travelers from around the globe—for decades to come. Our team immediately recognized it as a fantastic opportunity, and we're very proud to take a stake in and provide clients exposure to this meaningful, long-term P3 investment."
The investment is the first for Jacmel Infrastructure, Jacmel's recently announced platform focusing on critical infrastructure across
"Terminal B is an exciting launching point for our broader infrastructure ambitions," said Mike Salzman, Operating Partner at Jacmel Infrastructure. "Over my career, I've seen firsthand how high quality P3 infrastructure initiatives like this can be transformative for investors and community members alike. Vantage Group has proven to be a skilled investor and leader through the redevelopment, and we're pleased to deepen our relationship with them."
LaGuardia's Terminal B redevelopment is the first airport project in the world to receive LEED v4 Gold Certification from the US Green Building Council. In addition, the project was also awarded the first Envision Platinum Award for commitment to sustainable practices and resiliency from the Institute for Sustainable Infrastructure (ISI). LaGuardia was recently named by Skytrax, the world's preeminent international airport rating organization, as the best airport in
Greenberg Traurig, LLP served as legal counsel to Jacmel for this investment.
About Jacmel Partners
Jacmel Partners is a minority-owned alternative investment firm dedicated to partnering with private companies and investing in projects that strengthen the nation's infrastructure. Through long-term relationships with companies, management teams, developers and government agencies, Jacmel is able to deliver flexible capital, operational insights and a strong impact framework. Our investments aim to create lasting value for employees, families and communities while fueling growth and innovation. To learn more, visit jacmelpartners.com.
Media Contact:
Shree Dhond/Jansel Murad
Dukas Linden Public Relations
jacmel@dlpr.com
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SOURCE Jacmel Partners
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