M&G appoints John Bruen as Head of Infracapital
Infracapital, M&G’s infrastructure private equity investment arm within its £81 billion Private Markets division, today announces the appointment of John Bruen to lead the business. He will join on 1 September, reporting to Emmanuel Deblanc, Chief Investment Officer, Private Markets at M&G Investments.
John has more than 25 years of international infrastructure investment experience. He joins from H.I.G. Capital, where as Managing Director and Partner he helped establish the firm's infrastructure platform and raise its inaugural US$1.3 billion value-add infrastructure fund. John has extensive experience investing in and managing portfolio companies in the infrastructure industry having worked at Macquarie Asset Management and Ferrovial Airports previously.
He succeeds Martin Lennon, who is retiring after more than 36 years in the industry. Since co-founding Infracapital in 2001, he led its growth into one of Europe's leading mid-market infrastructure investors. Infracapital raised more than £9 billion across a series of funds investing in essential infrastructure throughout Europe through public-private partnerships, brownfield infrastructure assets and greenfield development across the energy, digital infrastructure, transport and utilities sectors.
As Europe seeks to strengthen energy security, accelerate decarbonisation, support digitalisation and drive economic growth, Infracapital continues to play a leading role in financing and developing the essential infrastructure on which communities and businesses depend.
Emmanuel Deblanc, Chief Investment Officer, Private Markets at M&G Investments, said: “John is a highly respected leader in the infrastructure industry with an outstanding record of investing in and growing businesses. His combination of investment and leadership experience, along with deep industry relationships, makes him exceptionally well positioned to lead Infracapital through its next phase of growth as demand for investment in essential infrastructure continues to grow across Europe."
"I would like to thank Martin for his remarkable contribution to our business over the last 28 years. Through his leadership, Infracapital has established itself as a trusted partner to investors and portfolio companies alike, whilst playing a pivotal role in shaping the infrastructure investment industry in Europe. He will remain actively involved during the leadership transition, working closely with the team to ensure a seamless handover and continuity for clients and stakeholders.”
John Bruen, said: "As demand for infrastructure continues to grow, driven by the energy transition, digitalisation and the need to modernise critical assets, the market presents significant long-term investment opportunities. Infracapital's investment approach, deep sector expertise and established track record position it strongly to benefit from these structural trends. I am excited to work with the team to build on these foundations and continue delivering for our investors and stakeholders."
Martin Lennon, said: "I am proud of what we have built at Infracapital over the past 25 years. Our success has been shaped by the contributions of many talented colleagues, past and present, and by the trust placed in us by our clients. Together, we have played a part in the growth of infrastructure from a niche investment strategy into a mainstream asset class for institutional investors, and it has been a privilege to witness that evolution firsthand. When I retire, I do so knowing the business is exceptionally well positioned for the future.”
Media enquiries
M&G Media Relations for Infracapital:
Irene Chambers
Tel: 07825 696815
irene.chambers@mandg.com
Ambrose Fullalove, FTI Consulting
Tel: 07970 982748
ambrose.fullalove@fticonsulting.com
About John Bruen
John has more than 25 years of infrastructure investment experience spanning fund management, principal investing, mergers and acquisitions, and infrastructure advisory. He joins from H.I.G. Capital, where he was a Managing Director and Partner and helped establish the firm's infrastructure investment platform. Previously, he spent a decade at Macquarie Asset Management leading transport investments across EMEA and managing a portfolio of airports, ports, road and rail assets, while playing a leading role in a number of landmark infrastructure transactions. Earlier in his career, he spent seven years at Ferrovial Airports, where he led M&A activity for Ferrovial and BAA, including the £15 billion take-private of BAA and several other major airport transactions.
About Infracapital
Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We actively manage our investments to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for investors, and our portfolio companies work closely with the communities where they operate. Our team of experienced specialists has worked with more than 60 companies around Europe and has raised and managed over €9 billion of client capital across seven funds.
Infracapital is part of M&G Plc, an international and investments business, managing money for around 4.2 million retail customers and more than 1,000 institutional clients in 38 offices worldwide. Total assets under management are £371 billion (as at 31 March 2026).