ICG names new managing director in European infra team

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Intermediate Capital Group has hired former Swiss Life Infrastructure Investment exec Frank Heiss as a managing director in its European infrastructure team.

Heiss spent four years at Swiss Life Infra working in the DACH, Nordics and Eastern Europe regions of the private equity infrastructure team.

He was previously a director at Macquarie Infrastructure and Real Assets, responsible for the execution and asset management of European infra investments.

At ICG he will be responsible for originating mid-market core-plus infrastructure deals across the DACH and Nordic regions.

Guillaume D’Engremont, head of European infrastructure at ICG, said, “We are delighted Frank is joining ICG’s infrastructure team. He brings 20 years of experience in principal investments and advisory.”

AltAssets reported in July that ICG had made OCEA Smart Building the second investment to be transferred to its upcoming debut infra fund, with the firm buying into the business alongside existing backer InfraVia.

ICG said it would make the deal from its balance sheet before transferring it to the first fund after it begins raising, just as it did with its maiden deal for fibre telecoms business Océinde Communications in February.

Infrastructure Investor said at the time of that investment that the fund was being slated for a Q2 launch, citing ICG managing director Jérôme Sousselier.

Last month ICG launched a push into North American private equity through the hire of Morgan Stanley veteran Alan Jones.

The new senior managing director has been charged with building a private equity business from the firm’s New York office, to complement its existing private debt, strategic equity and credit fund strategies in the region.

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