Markets Magazine

What Happens When Two Bankers and an Engineer Get a Billion Dollars?

Global Infrastructure Partners turned a sleepy sector into one that has investors clamoring for more.

Bill Woodburn showed up for dinner as a courtesy.

It was 2006, and the former head of General Electric’s infrastructure business and Jack Welch protégé had made up his mind to turn down Adebayo Ogunlesi and Matt Harris, the pair of former Credit Suisse bankers who’d invited him for Chinese food. Instead of joining their nascent fund, the sought-after Woodburn was taking a job with Steve Schwarzman’s Blackstone.