KKR MD joins Goldman Sachs to help manage infrastructure fund

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KKR MD joins Goldman Sachs to help manage infrastructure fund

A former managing director at KKR who helped lead its infrastructure investing has joined West Street Infrastructure Partners, a fund managed by Goldman Sachs’ merchant banking arm. Cedric Lucas started as an MD at Goldman earlier this month.

Under new CEO David Solomon, Goldman has been pushing to grow other parts of its business outside of trading and traditional dealmaking. The news comes less than a month after Solomon reportedly ordered a review of Goldman’s alternatives-investing business. As part of the move, Rich Friedman, the longtime head of Goldman’s private-investing arm, is relinquishing day-to-day oversight of the merchant bank. Meanwhile, the firm’s Principal Strategic Investments (PSI) group, which finances early-stage technology companies, particularly fintech startups, has taken on a more prominent role over the past year.

Lucas started with KKR in 2014 as a member of its energy and infrastructure team and was named MD in 2017. He previously worked at Macquarie Infrastructure and Real Assets (MIRA) after cutting his teeth at Morgan Stanley, according to LinkedIn. Lucas holds an MBA from Harvard Business School and an M.S. in civil and environmental engineering from Stanford University.

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