Jacmel Partners, an alternative investment firm, announced that its Jacmel Infrastructure platform, with support from GCM Grosvenor, has made an investment through Vantage Group’s LLC in LaGuardia Gateway Partners (LGP), the private company that recently redeveloped and manages LaGuardia Airport Terminal B in New York City. Jacmel acquired a minority equity stake in LGP.
LGP has been responsible for the investment, private operation and development of LaGuardia Airport’s Terminal B through a long-term public-private partnership (P3) with the Port Authority of New York and New Jersey. The P3 project encompasses the $5.1 billion redevelopment of the terminal in 2022, marking one of the largest transportation infrastructure projects completed in U.S. history.
“As LaGuardia’s central hub for several major airlines, Terminal B sees millions of travelers every year, and LGP’s recent redevelopment has only enhanced its operational capabilities,” said Nick Jean-Bap
