Sandra Lagumina joined Meridiam as COO Asset Management.
From January 2016 to January 2017, Sandra was Executive Vice President of ENGIE, in charge of gas infrastructure, China and real estate. She previously held the position of CEO of GRDF (Gaz Réseau Distribution France) from 2013 to 2016. Sandra joined Gaz de France in 2005 and took over the functions of Deputy Strategy Director, Public Affairs Delegate, General Counsel, and Corporate and Group General Counsel, successively.
She started her career in 1995 at the Council of State. She joined the Minister for the Economy, Finance and Industry as Legal Advisor in 2000, and then took over the role of Deputy Director of Public and International Law of the Ministry of the Economy, Finance where she was in charge of the PPP reform.
Sandra graduated from the Paris Institute of Political Studies and National School of Administration (ENA). She holds a Master of Common Market Law and of Public law.
« We are delighted to welcome Sandra to the Meridiam team. Her experience and expertise in the energy and infrastructure sectors are invaluable as we look to balance rapid growth with world class long-term management of our assets and projects » said Thierry Deau, CEO and founder of Meridiam.
Closing of Meridiam North America Fund III
Meridiam has raised $1.2 billion for a fund dedicated to long-term investments in North American public infrastructure projects.
The fund, a successor to Meridiam Infrastructure North America Fund II, the investment period of which ended in December 2017, is seeking to invest in a range of infrastructure projects, with a focus on greenfield long term contracted infrastructure projects in North America.
The 25-year fund will invest in sustainable and climate resilient assets, in accordance with Meridiam’s environmental, social and governance (“ESG”) policy, with the aim of benefitting local communities.
The fund received strong support from US pension funds and insurance companies, who confirmed their interest in a developing infrastructure asset class in response to the country’s critical need, and who represent two thirds of the commitments to the fund.
Meridiam has closed 13 projects in the Americas since 2009, including a number of pioneering projects:
Port of Miami Tunnel in Florida, the first availability payment P3 in the United States
Long Beach Courthouse, the first social infrastructure P3 in the US;
LaGuardia Central Terminal, the first greenfield airport P3 in the US;
Purple Line Light Rail, Maryland, one of the largest US availability-based P3s to date; and
Presidio Parkway, California, the first transportation P3 in California
Meridiam is also working on a pioneering investment in congestion relief managed lanes projects that include North Tarrant Expressway and LBJ in Texas, as well as the recently awarded I-66 in Virginia. Meridiam now manages a total of $6.8 billion.
“The P3 market is growing and is increasingly diversified. P3s are being applied to new sectors and are being carried out not only at a state level but also at city level.
Meridiam’s team has developed an attractive pipeline of opportunities and will continue to execute its strategy of investing in greenfield P3 projects.” said Jane Garvey, Chairman, Meridiam North America.
“North American institutional investors demonstrated a strong appetite for the type of stable, long-term investment returns that we believe infrastructure can deliver while helping local communities develop” stated Thierry Déau, Founder and CEO of Meridiam.