Infrastructure investing through

a partnership approach





Arjun Infrastructure Partners is an independent asset management company dedicated to executing and managing mid-market infrastructure investments. Founded in 2015, Arjun now manages €3.9 billion of capital on behalf of 20 prominent institutional investors.

Arjun’s team of 27 professionals and a further 8 industry partners has extensive operational and financial experience in the utilities, energy & renewables, digital and transportation infrastructure sectors. We offer a proven ability to source bilateral investment opportunities and have a strong focus on ESG as part of our long-term, responsible asset management approach.

Arjun works in close partnership with its clients, offering transparency throughout the investment lifecycle. We provide customised solutions which enable our clients to achieve their specific investment objectives.



The Partnership approach allows the Arjun team to closely work with investors' infrastructure teams and is driven by four key principles :

Remain focused on investment scope agreed with investor partners

Implement operational asset management plans focussed on long-term value preservation and enhancement

Incorporate best practice ESG approaches at all stages of the investment lifecycle

Maintain strong alignment of interest and transparent dialogue with clients



Senior team with signicant operational and financial experience and relationships 

  • Team of 27 professionals and 8 industry partners

  • 23 years of average experience amongst MDs and partners

  • Over 70 years' experience in operational roles amongst senior team including with Orsted, Scotia Gas Networks, EP UK, Thames Water, Vattenfall, American Electic Power and Wales & West Utilities

  • Most senior members have worked together previously in their careers

  • Industry partners are an integral part of the Arjun team, providing expertise and access to extensive networks



Surinder Toor
Managing Partner

Surinder is the Founding Partner of Arjun Infrastructure. He has a successful track record in acquiring and managing infrastructure investments, combining strong asset management operational experience. Until 2014 Surinder was Head of Europe for J.P. Morgan’s Global Infrastructure Investment Fund. Surinder was previously the CFO of Scotia Gas Networks, ran the European operations of American Electric Power and held positions with Arthur Andersen Energy & Utilities Group.

Charles Hazelwood

Charles has been a Partner at Arjun since its creation. He has held several senior financial and operational management positions in the utility sector. He was previously an adviser to investors in energy and utility businesses. From 2005 until 2011, Charles was CFO of Wales & West Utilities. Prior to this, he worked at American Electric Power and started his career at Deloitte where he spent 16 years providing transaction support, strategy, regulatory and accounting advice in a number of infrastructure sectors and geographies.

Peter Antolik

Peter is a Partner at Arjun. His background covers regulated companies, transport regulation, and the management of infrastructure funds and investments. Peter joined Arjun from the Office of Rail and Road, where as the Highways Director overseeing a £15bn investment programme. He was previously an executive director in JP Morgan's Infrastructure Investment Fund. Prior to this, Peter was the Strategy and Regulation Director of Thames Water and worked with Macquarie Bank, creating and managing the €6bn European infrastructure funds. He started his career with Accenture.

Serkan Bahçeci

Serkan is a Partner and Head of Research at Arjun since 2018. Serkan is an economist focussing on infrastructure investments research. Before joining Arjun, Serkan was the Head of Infrastructure Research at  J.P. Morgan Asset Management’s Infrastructure Investment Group between 2007 and 2018, and led the first dedicated infrastructure investment research team in the global asset management industry. Serkan started his career as an academic and was a faculty member at the Department of Economics of Brandeis University. Serkan holds a PhD in Economics from Brown University.  

François Bornens

François has been a Partner with  Arjun since it was founded, with responsibility for business development. Until the end of 2014, he was responsible for all client relationships and capital raising for the J.P. Morgan infrastructure product platform across Europe and the Middle East. Before this François spent two decades at Citi in Paris and London. As the co-head of marketing and distribution for Europe at Citi Alternative Investments, François led a team, responsible for all senior level relationships covering alternative products including infrastructure.

Thomas Laverty
Partner & General Counsel

Thomas is a Partner and Arjun’s General Counsel. He joined Arjun infrastructure from leading international law firm Kirkland & Ellis where he was a partner in the investment funds team, focused on advising infrastructure sponsors and institutional investors on their fund formation and fund investment activities. Thomas was previously a managing director in the Macquarie Infrastructure and Real Assets (MIRA) division of the Macquarie Group in London, where he spent 11 years.

Catherine McCall.

Managing Director

Catherine is a Managing Director at Arjun, responsible for investment operations and risk management. Catherine brings over 16 years of experience of finance and operations in the investment management industry. Prior to joining Arjun, Catherine was the Global Head of Fund Accounting at Aviva Investors. Catherine was previously at Deloitte.

Romain Py
Managing Director

Romain is a Managing Director, responsible for originating and executing investments. He was previously the CIO for African Infrastructure Investment Managers, formerly Macquarie-Old Mutual. Prior to that, Romain was the Head of European Transactions for J.P. Morgan Asset Management’s Infrastructure Investment Group and was one of the founding team members in Europe. Before that, Romain worked at HSBC and Société Générale, where he structured and executed over $30bn of infrastructure transactions.

Rohini Pahwa
Managing Director

Rohini is a Managing Director at Arjun where she is responsible for originating and executing investments. She brings over 15 years’ experience in the financial services industry. Her focus in the last 10 years has been in the transportation and digital sectors across Europe and the UK, as well as in the utility and renewable spaces. Prior to Arjun, she was Head of Distribution for Power and Infrastructure Finance at Investec and before that she was a senior originator in NatWest’s Infrastructure and Project Finance team. She started her career at SREI infrastructure and then G.E. Capital.

Nick Spencer
Managing Director

Nick is a Managing Director at Arjun, with responsibility for business development. Prior to joining Arjun in 2019, Nick was a Principal at Campbell Lutyens (CL) with responsibility for LP and consultant relationships in the UK and Netherlands. At CL Nick also advised infrastructure GPs and LPs across a range of primary and secondary transactions. Before joining CL in 2010, Nick was a member of EY’s Infrastructure Advisory team focussing on renewable energy asset transactions, having joined EY’s corporate finance graduate programme in 2006.

Adam Delaney
Managing Director

Adam is a Managing Director at Arjun Infrastructure.  He joined in 2019, having previously worked at Scottish Equity Partners, acting as Director of Finance and Head of Asset Management for SEP’s energy infrastructure fund.  During this time, Adam also acted as Finance Director for Indigo Pipelines.  Prior to that, Adam worked for a firm providing asset management services to a number of social infrastructure (PFI/PPP) assets on behalf of several major infrastructure funds.  Adam trained as a Chartered Accountant (ICAEW), specialising within Corporate Finance.

Eugene Ide
Managing Director

Eugene is a Managing Director at Arjun. He has 14 years of experience in infrastructure deal execution and asset management in the power, utilities, and transportation sectors, both in OECD countries and emerging markets. Prior to joining Arjun, Eugene was a Vice President at J.P. Morgan Asset Management, with a focus on European investments for J.P. Morgan’s Infrastructure Investment Fund. Eugene was also previously at the International Finance Corporation of the World Bank Group, where he worked on various privatisation and project finance deals in Eastern Europe, North Africa, Latin America, and Asia.

Nigel Hildyard
Managing Director

Nigel is a Managing Director. He joined in 2019 as senior asset manager with a 35 years track record. Prior to joining Arjun, Nigel worked as the Business Development Director at EP UK Investments with particular focus on the Lynemouth Power coal-to-biomass conversion including negotiating and optimising the associated global supply contracts. Previously he worked with Eggborough Power Ltd , Drax plc on the delivery of a major biomass asset, at Merrill Lynch on a number of EMEA restructuring projects and as an Executive Director of Roland Berger UK Ltd.

Julian Skinner
Managing Director

Julian is Managing Director Asset Management at Arjun infrastructure and has 35 years experience in the UK Energy sector.

Julian joined Arjun from EP UK Investments where he was Head of Risk, focussing on the commercial operation and optimisation of various generation assets and the management of commodity price risk.
Julian was previously Director of Risk at SGN, Director of Generation Trading at AEP Europe and Head of Risk at SEEBoard.


Roxane Parfond

Roxane is a Principal at Arjun. She is actively involved in all aspects of Arjun’s acquisition process. Since joining, she has worked in the Water sector and on various utility businesses.

Prior to joining Arjun, Roxane was a manager in Corporate Finance at PwC for 4 years, where she focussed on advising both public and private sector clients on large transport infrastructure projects in the UK.

She started her career in Credit Agricole’s Corporate and Investment Bank covering power and natural resources (mining, oil & gas) sectors in Europe, the Middle-East and Africa.

Mattis Krasberg

Mattis is a Principal at Arjun. He joined in 2019.

Previously, Mattis was an Associate with Nebrodi Partners, where he focused on private equity and debt investments in the US mid-market. He began his career as management consultant with Roland Berger Strategy Consultants in Germany, where he was Project Manager and worked in infrastructure-related industries in Europe.

Mattis holds an MBA from Yale School of Management and an MSc in Industrial Engineering from the Technical University of Berlin.

Christian James-Milrose

Christian is a Principal at Arjun Infrastructure. Since joining Arjun in early 2017, he has worked on a range of transactions in the renewable energy and transport sectors.

Prior to joining Arjun, Christian worked as a consultant at Q5 where he focussed on financial modelling, business strategy, and organisation design.  Christian started his career in IBM’s consultancy practice.

Christian has passed Level II of the CFA program.

Christopher Baller

Chris is an Associate at Arjun where he is involved in the execution of new investments and the asset management of existing investments within the portfolio. Prior to joining Arjun, Chris was a Manager at PwC with 5 years’ experience of infrastructure valuations where he provided advice to infrastructure funds in respect of their investments in regulated utilities, transport and energy. Chris trained as a Chartered Accountant (ICAEW).

Paulina Coll
Office Operations
Rajiv Kaura

Managing Director Finance
Will Johnson

Will is an Analyst at Arjun. He initially joined the team at the beginning of 2018 as a graduate trainee. In July 2018 he was offered a permanent position and became part of the investment team of Arjun.  Will is actively involved in various aspects of Arjun’s business activities with a primary focus on supporting the asset management side of the portfolio.


Will holds a Bachelor of Science (BSc) in Economics and Business from the University of Kent and is currently studying for Level I of the CFA program.

Dmitry Sarin

Dmitry joined Arjun in 2019 as Analyst to strengthen the growing asset management team with a specific focus on renewable assets. Prior to joining Arjun Dmitry was Trading Analyst for EP UK Investments (a subsidiary of EPH) building market fundamental models to guide EP’s power trading desk. He started his career at Gazprom Marketing & Trading covering Gas and Power business development projects in Europe.

Dmitry holds an MSc from Imperial College London and BSc from University of York in Economics.

Team Assistant
Keith Harris
Industry Partner

Keith is an Industry Partner at Arjun and a non- executive board member at South Staffordshire Water. He provides strategic, financial, regulatory and operational advice to governments, regulators, investors, banks and company boards. He is a non-executive director at Ervia and SSWPlc, is an Advisory Board member of Buckthorn Partners, and an associate of OXERA. He spent many years as deputy CEO and CFO of Wessex Water. 

Abhi Naha
Industry Partner

Abhi is an Industry Partner at Arjun. He has over 25 years of experience in the telecoms and technology sector. He was the CEO and Founder of Zone V, a Cambridge start up backed by Qualcomm and ARM, focused on empowering people with aging eyes and visually impaired through inclusively designed smartphones. He held senior management roles at Powermat and the Silicon Valley mobile touchscreen technology provider, Synaptics. Abhi is the author of Essentials of Mobile Handset Design. He is Chief Commercial Officer of Cambridge Wireless.

Henrik Valgma
Industry Partner

Henrik is a Partner at Arjun and serves as an Industry Partner.  He currently is the CEO of Dala Water and Waste in Sweden. Before this, Henrik served as Senior Vice President and Head of Portfolio Management and Trading at DONG Energy. Henrik spent time at Vattenfall where he served as the CEO of Vattenfall Trading and the Chief Trading Officer. This position included responsibility for Vattenfall’s power inter-connector portfolio, including the SwePol Link. 

Jeremy Cross
Industry Partner

Jeremy is an Industry Partner at Arjun Infrastructure. He is a qualified corporate lawyer, with considerable experience within the renewable energy sector. He is currently Chief Legal Officer at GridServe and was previously Legal and Commercial Director at Anesco, a leading renewable energy and energy storage company. Training as a lawyer at Lovells LLP, Jeremy previously focussed on real-estate finance and corporate M&A as a private practice lawyer.

Stine Birk
Industry Partner

Stine is an Industry Partner at Arjun with a specific focus on Responsible Investment and also acts as board chair of an asset managed by Arjun in Denmark. Stine brings more than 25 years of Danish and international experience in infrastructure, private equity and ESG & Sustainability with a commercial mindset. She has worked for several large Danish Pension Plans as a direct investor in infrastructure and served as board member of several assets in various sectors.



Arjun Infrastructure Partners ltd
33 St James's Square
London SW1Y 4JS

T : +44 (0)20 3709 5330


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