Valterra Partners

Co-CEOs and Co-Founders Scott Macintosh and Drew Reid lead the investment team, a structure inherited from their 2006–2014 tenure co-leading Macquarie Capital’s US Principal Transactions Group. Managing Director Kevin Reed, who previously worked with both partners at Macquarie, is the third senior investment professional. The firm also draws on a roster of senior advisors, including former Macquarie Vice Chairman Robert Bertagna, though those individuals are not employees.

Valterra’s sourcing advantage flows from a 20-year network built inside Macquarie’s infrastructure and merchant-banking ecosystem. The firm targets founder-owned or closely held businesses adjacent to traditional infrastructure assets, where management teams value a capital partner fluent in both operating turnarounds and infrastructure demand drivers. The senior advisor bench — operators like Clint Lohman and Jim Coughlin — provides additional proprietary origination channels in sectors such as energy logistics and senior housing.

Valterra Partners is an independently owned private equity firm, not a family office. The partnership was formed when the founders spun out of Macquarie Capital in 2014 to pursue the same infrastructure-adjacent strategy with institutional third-party capital rather than a single corporate balance sheet.

Valterra executes direct control and minority investments, structured flexibly alongside existing stakeholders. The firm describes taking an active governance role on every position, with investment team members serving on portfolio company boards. The website does not indicate a fund-of-funds or LP-commitment program.

The firm targets US-based businesses with a strong existing platform and a strategic plan to scale, deploying $25–100 million per investment. The posture is growth-buyout: Valterra provides financial and operational resources to accelerate a company’s trajectory within infrastructure-adjacent sectors.

Valterra concentrates on three infrastructure-adjacent sectors — digital and communications infrastructure, transportation and logistics infrastructure, and energy transition — and explicitly excludes investments that do not align with this strategy. The firm notes that certain historical portfolio positions have been excluded from its current materials because they are not reflective of the current investment strategy.

Valterra is independently owned by its partners and raises third-party capital for its funds. The firm does not manage a single-family fortune or a permanent corporate balance sheet. The partners’ own capital originated in carried interest and co-investment gains from their Macquarie-era principal transactions.