ITE Management, L.P. has secured a strategic minority investment from Blackstone Credit & Insurance to enhance its position in the transportation infrastructure sector, targeting up to $2 billion in capital for future investments.

Target Company Overview

ITE Management, L.P. ("ITE") is a prominent alternative asset management firm that specializes in transportation infrastructure. Established in 2012 and headquartered in New York, ITE has grown its asset management portfolio to exceed $10 billion, focusing primarily on asset-backed investments in sectors such as rail, intermodal transport, specialty aviation, ports, infrastructure equipment, and electric vehicles. The firm boasts a team of over 70 investment and operational professionals dedicated to generating stable risk-adjusted returns for investors through a meticulously diversified portfolio of income-producing transportation assets.

The recent strategic minority investment from Blackstone Credit & Insurance ("BXCI") reinforces ITE's market position and paves the way for new collaborative initiatives. With this partnership, ITE aims to further enhance its leadership within the transportation infrastructure sector, tapping into the increasing investment opportunities present in this growing market.

Industry Overview in the United States

The transportation infrastructure industry in the United States is vital for sustaining economic growth and enhancing the quality of life. It covers a wide range of assets and services, including railroads, airports, ports, and road networks