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Jacmel Partners Announces P3 Investment in New York's LaGuardia Airport Terminal B
Jacmel Partners ("Jacmel"), a minority-owned alternative investment firm, announced today that its Jacmel Infrastructure platform, with support from GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has made an investment through Vantage Group's LLC in LaGuardia Gateway Partners (LGP), the private company that recently redeveloped and manages LaGuardia Airport Terminal B in New York City. Jacmel acquired a minority equity stake in LGP.
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[{"type":"text","content":"NEW YORK, May 9, 2025 /PRNewswire/ -- Jacmel Partners ("Jacmel"), a minority-owned alternative investment firm, announced today that its Jacmel Infrastructure platform, with support from GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has made an investment through Vantage Group's LLC in LaGuardia Gateway Partners (LGP), the private company that recently redeveloped and manages LaGuardia Airport Terminal B in New York City. Jacmel acquired a minority equity stake in LGP.","length":534,"tagName":"p"},{"type":"image","alt":"Jacmel Partners (PRNewsfoto/Jacmel Partners)","displaySize":"","headline":null,"caption":"Jacmel Partners (PRNewsfoto/Jacmel Partners)","className":"","disableSlideshowImg":false,"size":{"original":{"width":392,"height":197,"url":"https://media.zenfs.com/en/prnewswire.com/ca890fe9087ae64fddd08c8f9e0047f9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Sb13ft9gZxjhyAxM8C4WkA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ca890fe9087ae64fddd08c8f9e0047f9","width":392,"height":197}},"href":"https://mma.prnewswire.com/media/2151011/JACMEL_Partners_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"LGP has been responsible for the investment, private operation, and development of LaGuardia Airport's Terminal B through a long-term public-private partnership (P3) with the Port Authority of New York and New Jersey. The P3 project encompasses the $5.1 billion redevelopment of the terminal in 2022, marking one of the largest transportation infrastructure projects completed in US history.","length":395,"tagName":"p"},{"type":"text","content":""As LaGuardia's central hub for several major airlines, Terminal B sees millions of travelers every year, and LGP's recent redevelopment has only enhanced its operational capabilities," said Nick Jean-Baptiste, Co-Managing Partner of Jacmel. "The terminal will be a critical piece of infrastructure—for both the local community and for travelers from around the globe—for decades to come. Our team immediately recognized it as a fantastic opportunity, and we're very proud to take a stake in and provide clients exposure to this meaningful, long-term P3 investment."","length":598,"tagName":"p"},{"type":"text","content":"T...