Vauban Infrastructure Partners Americas LLC

Paul Landon, Partner and Co-Head of Americas, oversees the North American investment strategy for Vauban Infrastructure Partners. He leads a team based in New York that sources and executes mid-market core-plus infrastructure deals in the US and Canada. Global investment decisions are made by the firm's executive committee in Paris.

Vauban draws on relationships developed during its origin as Natixis's infrastructure unit, particularly with European industrial groups, utilities, and government concession authorities. This network provides access to off-market assets and spin-offs. The Americas team is building similar ties with North American utility companies and infrastructure operators.

Vauban focuses on core-plus infrastructure investments, typically taking majority stakes in operating assets. The firm targets mid-market deals with enterprise values between €200 million and €1 billion. It operates across the capital structure, including equity and occasionally preferred equity or junior debt.

Vauban primarily makes direct investments through its closed-end fund series, Vauban Infra. The firm also structures co-investment vehicles alongside its funds for larger transactions. It does not typically act as a limited partner in third-party funds.

Vauban Infrastructure Partners was originally the infrastructure arm of Natixis Investment Managers but is now fully independent following a management buyout. The firm operates as an autonomous asset manager with its own investment committee and brand. It maintains no ongoing ownership or operational ties to Natixis.

Vauban avoids carbon-intensive energy assets such as coal, oil, and natural gas power generation. The firm's mandate focuses on renewable energy, sustainable transport, digital infrastructure, and social infrastructure like schools and hospitals. It does not invest in venture-stage infrastructure technology.

Vauban integrates ESG criteria directly into its investment process, with each deal reviewed against a proprietary ESG scorecard. The firm reports under the Sustainable Finance Disclosure Regulation (SFDR) and classifies its funds as Article 8 or Article 9 products. All assets are expected to have a clear pathway to net-zero emissions.