Asset Manager

Updated:

Astatine Investment Partners

Jim Metcalfe runs Astatine Investment Partners, a mid-market infrastructure and equipment-leasing firm rebranded from Alinda Capital in 2022.

Astatine Investment Partners

Astatine Investment Partners was founded in 2005 as Alinda Capital Partners, making it one of the longest-surviving private-equity infrastructure firms. It rebranded in 2022 under CEO Jim Metcalfe to reflect a narrowed strategy in mid-market infrastructure and global equipment leasing. The firm operates from Greenwich, Connecticut and London. Astatine targets mid-market infrastructure across two distinct strategies: core infrastructure equity and global equipment leasing. Sectors span energy, transportation, digital, and utility-linked assets, with a preference for operating companies over static pools of assets. In July 2024 Everfast Fiber Networks, a Kansas City-based fiber platform, appointed Scott Randall as CEO. In April 2024 Astatine acquired NRG Riverside, a UK municipal vehicle lessor; the platform completed a £455 million refinancing in October 2025. The team also runs a global equipment-leasing book led by Partner Franklin Pray, financing tangible assets across aviation, rail, and specialty vehicles. Astatine lists 23 professionals, including a lean senior team: Partners Ben Catt leads European investments, Christopher Reid serves as Chief Risk Officer, and Matthew Huggett operates as COO. The firm does not publish assets under management or aggregate deployment figures. In July 2024 Said Nashashibi rejoined as Managing Director in global investments. A March 2025 charitable partnership with Lymphoma Action raised over $70,000, showing a firm-level donor posture but no separate foundation. Astatine’s structural differentiator is its equipment-leasing arm run alongside traditional infrastructure equity — a pairing rarely seen among mid-market GPs. The leasing business underwrites hard-asset collateral directly, providing a sourcing channel for infrastructure deals that originate at the asset-finance level rather than through competitive auction processes.

General information

Firm type

Asset Manager

Year founded

2005

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Greenwich

Corporate office

50 Old Field Point Rd, Greenwich, CT 06830, United States

Additional offices

10 Noble Street, London EC2V 7JX, United Kingdom

Principals

James Metcalfe

Managing Partner & CEO

Andrew Bishop

Managing Partner

Sector focus

InfrastructurePrivate Credit

Frequently asked questions

Who runs investment decisions at Astatine?

James Metcalfe, Managing Partner and CEO, leads the firm alongside Managing Partner Andrew Bishop. The investment committee draws on sector heads including Ben Catt (European investments) and Franklin Pray (global equipment leasing). Senior oversight also comes from Christopher Reid, who acts as Chief Risk Officer.

How does Astatine structure its infrastructure investments?

Astatine focuses on mid-market operating-company infrastructure rather than large-scale contracted assets. It invests equity directly into platforms like Everfast Fiber Networks and NRG Riverside, working with management teams on organic growth and acquisition strategies. The firm targets assets below the radar of mega-cap infrastructure funds.

Is Astatine a direct investor or does it also invest in funds?

Astatine deploys capital directly into portfolio companies; it does not market itself as a fund-of-funds. Its two principal strategies — mid-market infrastructure equity and global equipment leasing — both involve hands-on ownership or asset-level financing rather than passive commitments to third-party managers.

What is Astatine's equipment leasing strategy?

Partner Franklin Pray heads the global equipment leasing strategy, which invests in tangible assets across aviation, rail, and specialty vehicles. The firm structures leases directly with operators, giving it an asset-backed origination channel that supplements its infrastructure equity pipeline.

How is Astatine related to Alinda Capital Partners?

Astatine Investment Partners was originally founded as Alinda Capital Partners in 2005. The firm rebranded in 2022 to mark a strategic shift toward concentrated mid-market infrastructure and to distinguish the current team's focus from the broader Alinda franchise.

Does Astatine have a geographic mandate?

The firm invests on both sides of the Atlantic. It maintains offices in Greenwich, Connecticut and in London. Portfolio company NRG Riverside is a UK-based municipal vehicle lessor, while Everfast Fiber Networks is headquartered in Kansas City, confirming a US–UK concentration.

Does Astatine disclose its AUM?

Astatine does not publish a current assets-under-management figure. It has not filed a publicly available Form ADV that would itemize regulatory AUM, and the firm's own website omits aggregate commitments or deployment totals.

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