GCM Grosvenor Backs Jacmel Infrastructure’s Strategic Stake in LaGuardia Gateway Partners

In May 2025, Jacmel Partners—a minority-owned alternative investment firm—announced its entry into North American infrastructure through a landmark transaction. Its newly established Jacmel Infrastructure platform acquired a minority equity stake in LaGuardia Gateway Partners (LGP), the entity responsible for the $5.1 billion redevelopment of LaGuardia Airport Terminal B. Supported by GCM Grosvenor, a global alternative asset manager, the deal underscores the growing appeal of public-private partnerships (P3) in revitalizing critical infrastructure while prioritizing sustainability and community impact.

The Strategic Play: A P3 Model in Action

The Terminal B project, completed in 2022, is a crown jewel of P3 collaboration. Financed through a partnership between LGP and the Port Authority of New York and New Jersey, it exemplifies how private capital can drive large-scale public infrastructure upgrades. Jacmel’s minority stake—acquired through Vantage Group’s LLC—provides exposure to a terminal serving millions of annual travelers and lauded as one of the most sustainable airports globally.

The terminal’s accolades include the first LEED v4 Gold Certification from the U.S. Green Building Council and the first Envision Platinum Award for resiliency, cementing its status as a model for eco-conscious infrastructure. Skytrax’s 2025 recognition of LaGuardia as the best airport in North America further highlights its operational excellence.

Why This Deal Matters: Jacmel’s Vision and GCM’s Role

For Jacmel Partners, this marks its inaugural infrastructure investment, signaling a strategic pivot toward long-term, high-impact assets. The firm’s prior ties to LGP stem from its 2022 acquisition of Arora Engineers, which provided engineering services for Terminal B’s redevelopment. Co-Managing Partner Nick Jean-Baptiste emphasized the terminal’s enduring value: “This is more than an airport—it’s a lifeline for the local economy and a gateway for global commerce.”

GCM Grosvenor’s backing amplifies the deal’s credibility. The firm’s Infrastructure Advantage Strategy, which prioritizes projects with union labor and community benefits, aligns seamlessly with Terminal B’s legacy. Strong investor confidence in GCM’s infrastructure focus could bode well for Jacmel’s stake.

Sustainability and Community: Beyond the Balance Sheet

The project’s environmental and social credentials are central to its appeal. Beyond certifications, LGP has launched initiatives like the B-INSPIRED STEM Grant, funding Queens-based education programs to address regional inequities. Such efforts resonate with Jacmel’s mission to invest in infrastructure that “strengthens communities while delivering financial returns.”

The Bigger Picture: P3’s Future in U.S. Infrastructure

The $5.1 billion Terminal B project exemplifies how P3 models can bridge funding gaps for critical assets. With U.S. infrastructure investment needs projected to exceed $2.6 trillion by 2029 (per the American Society of Civil Engineers), such partnerships are increasingly vital. Jacmel’s entry into this space positions it to capitalize on a growing trend.

GCM’s Infrastructure Advantage Fund II (IAF II)—which closed in March 2025 with $1.3 billion in commitments—further underscores investor appetite for projects blending sustainability and profitability. Terminal B’s success could attract more capital to similarly structured deals.

Conclusion: A Blueprint for Infrastructure Investment

Jacmel’s stake in LaGuardia Gateway Partners is more than a transaction—it’s a testament to the transformative potential of P3 projects. With Terminal B’s proven operational and environmental achievements, coupled with Jacmel’s strategic focus on community-driven infrastructure, this deal sets a high bar for future investments.

The numbers speak volumes: a $5.1 billion project that serves millions, secures top sustainability honors, and fuels local STEM education—a trifecta of economic, environmental, and social value. As GCM’s stock (GCMG) reflects investor optimism in infrastructure, this partnership signals a clear path forward for firms seeking to blend profit with purpose. For Jacmel, it’s not just about returns—it’s about reshaping the future of infrastructure, one terminal at a time.