Abu Dhabi-based alternative investment firm Investcorp Capital is set to invest in the US$4.2 billion redevelopment of JFK airport in the US.
The investment is part of the firm’s strategy to increase the proportion of infrastructure assets within its portfolio.
The capital will be used to finance the revamping of terminal 6 of the New York-based airport.
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The investment will be made through the firm’s new partnership with Corsair Capital, called Investcorp Corsair Infrastructure Partners, which will also serve as the lead financial sponsor of the redevelopment.
While the redevelopment costs have been valued at US$4.2 billion, it was not disclosed how much Investcorp would invest.