AECOM Capital is the investment arm of AECOM, and structured as a co-general partner fund platform that invests in a variety of real estate and infrastructure assets in the U.S. and UK.
AECOM Capital was founded in 2013 by AECOM and John T. Livingston, the former CEO of AECOM Construction Services, president of Tishman Construction Corporation, and president of Tishman Urban Development Corporation. AECOM, a NYSE publicly listed company, with 100,000 employees globally, has vast resources across all engineering, design and construction services that AECOM Capital leverages for deal flow, due diligence, execution and balance sheet. AECOM seeded the first fund with $200 million.
AECOM Capital generally invests $10-$30 million alongside an operating partner, in the top 15 gateway cities in the United States as well as London and Manchester in the UK. Since January 2013, AECOM Capital has invested in 14 projects, with a total development value in excess of $3 billion and 7 million square feet. The projects include multifamily, condo, hotel, office and mixed use assets. The projects are in various stages of pre-development and construction. In all of the projects that AECOM Capital invests in, Tishman or Hunt Construction Companies, both wholly owned subsidiaries of the parent corporation, provide construction management services. AECOM Capital’s operating partners are some of the best-in-class developers in the country, including the Mack Real Estate Group, Toll Brothers, Rockefeller Development Group and Lowe Enterprises.
AECOM Capital is also an investor/sponsor in public private partnerships as well as infrastructure and renewable energy projects in the United States and Canada. Typically, AECOM will invest capital alongside other sponsors, and AECOM will provide the construction, design, engineering, and in some cases, operating services.