Harbert Management Corp. (HMC) has promoted Claude Estes to head of infrastructure and senior managing director.
Estes joined HMC in 2015 and has held escalating positions within the company. Most recently he served as head of investments of Harbert Infrastructure, where he oversaw substantial growth of the platform, with the team managing $3.5 billion for domestic and international partners.
In his new role, Estes will be responsible for Harbert Infrastructure’s activities, including acquisitions, asset management and the strategic direction of the platform. He takes over the position for Pat Molony, who will transition into the role of chairman of the investment committee and senior adviser.
“Harbert Infrastructure has been a respected investor in the infrastructure space for decades and a team that I once admired from afar,” said Estes. “The last eight years, I have had the honor of being a member of the team, confirming the basis of my admiration. We
