Corsair Infrastructure Partners (CIP), the global infrastructure investment business of Corsair Capital, has announced that a new fund established and managed by CIP has closed on the acquisition of 100% of Vantage Airport Group from Gateway Infrastructure Investments, another CIP-managed fund.

Vantage Airport Group is a privately held airport developer, manager, and investor with a history at more than 30 airports around the world. The company’s current network comprises 10 airports, ranging from small destinations to large capital cities in Canada, the U.S., Jamaica, The Bahamas and Cyprus. Vantage’s portfolio includes two major projects in New York: the redevelopment and management of Terminal B at LaGuardia Airport, and the company’s partnership with Jet Blue Airways in the planned redevelopment and management of Terminals 6 and 7 at JFK International Airport.

The transaction provides Vantage with a strong and stable ownership structure, as well as access to capital to pursue a full pipeline of opportunities in developing, managing, and investing in airports and related infrastructure worldwide. The acquisition also creates an attractive realization event for Gateway, which has owned Vantage since 2008.

The new CIP fund is a perpetual partnership with no fixed duration, capitalized by high-quality long-term institutional investors.