Natixis Investment Managers will launch a new affiliate, Vauban Infrastructure Partners, dedicated to infrastructure investing, the money manager said Thursday in a news release.
It will be a spinoff from Mirova, Natixis' affiliate money manager dedicated to sustainable investment. Mirova's infrastructure team will be lifted in full to the new infrastructure affiliate.
Gwenola Chambon, head of general infrastructure funds at Mirova, will be Vauban's CEO, while Mounir Corm, deputy head of infrastructure funds, will be deputy CEO.
The infrastructure team currently has €2.8 billion ($3.1 billion) in assets under management.
It is the latest move to expand Natixis' alternatives businesses. In December, Natixis combined its three regional private equity businesses into a single unit called Flexstone Partners.
Natixis and its affiliates have €855.4 billion in assets under management.