Related Companies today announced the formation of Related Infrastructure, a new infrastructure-related investment group and addition to the Related Fund Management platform. Related Infrastructure will focus on transportation opportunities and businesses that drive efficiency and affordability for state and local governments.
Former U.S. Transportation Secretary and Mayor of Charlotte Anthony Foxx and seasoned transportation investment executive Andrew Right have joined Related Fund Management as Managing Partners to lead Related Infrastructure.
Related, one of the nation’s most prolific real estate development and investment firms, is capitalizing on decades of experience as a developer, investor and operator and its deep expertise in public-private partnerships to invest in, and grow infrastructure-related businesses and initiatives.
Justin Metz, Managing Principal of Related Fund Management said, “Secretary Foxx and Andrew Right bring a unique set of complementary skills to Related Infrastructure. Secretary Foxx has unparalleled experience in the public sector, having served as a member of the Charlotte City Council, Mayor of Charlotte and most recently, US Secretary of Transportation. Andrew Right has been an infrastructure investor for a decade with experience financing, investing and growing transportation assets. Their combined public, private and investment perspectives makes them the ideal leaders for this new business.”Targeted investment opportunities of Related Infrastructure will include platforms that develop and manage transportation-related assets, municipal assets as well as companies providing infrastructure-related businesses, services and technologies, including those that provide, operate and maintain the services and technologies that are critical to smart cities, resilient energy infrastructure and urban technology deployments.
Secretary Foxx said, “Related is a well-respected organization with both unparalleled credibility and diverse real estate and investment interests, making them the ideal partner and platform to execute on this strategy. I look forward to working with Andrew and the Related team and using my own knowledge and experience to build a great business that addresses current and future transportation needs.”
Andrew Right said, “Related is a truly innovative company and recognizes the potential for infrastructure investment to transform how Americans live, work and interact with their communities. I am also excited to partner with Secretary Foxx and Related to invest in infrastructure businesses that will improve America’s transportation experience and enhance the efficiency of our cities.”
The Honorable Anthony Foxx was most recently the United States Secretary of Transportation under President Barack Obama. Prior to his appointment, he served as the youngest Mayor of Charlotte, North Carolina, where he helped lead expansions of a major highway, transit and airport projects. As Secretary of Transportation, Foxx led an agency with more than 55,000 employees and a $70 billion budget that oversaw air, maritime, and surface transportation and placed $30 billion in federal grant assistance throughout the United States in all 50 states and US territories. Foxx successfully urged Congress to pass the first long-term surface transportation bill in more than 10 years, ushering in a new wave of transportation technology through the USDOT Smart City Challenge, Small UAV policy and the Department’s first Autonomous Vehicle Guidance. He has a deep working knowledge of new infrastructure opportunities and strong bipartisan political relationships, evidenced by his 100-0 confirmation. Former Secretary Foxx has a B.A. from Davidson College and a JD from the New York University School of Law.
Andrew Right was most recently a Presidential Executive Fellow, Counselor to the Secretary and Acting Executive Director of the Build America Bureau at USDOT. Previously, he founded Cherry Lane Capital and served as a member of the founding team that formed the Infrastructure Investment Group at Goldman, Sachs & Co. Mr. Right has a BSE in Civil Engineering and Operations Research with a minor in Public and International Affairs from Princeton University, and an MBA from the Harvard Business School where he was selected to be a Baker Scholar.