Board of Directors

Richard Laing

Non-executive Chair

Richard brings long-standing experience of investing in international infrastructure along with a deep knowledge of investment companies and complex financial and funding matters.

He is currently non-executive director at Tritax Big Box REIT plc. Richard was previously Chair of Perpetual Income and Growth Investment Trust plc and Miro Forestry Company Limited, a non-executive Director of JPMorgan Emerging Markets Investment Trust plc, Murray Income Trust plc and Trustee and Deputy Chair of Leeds Castle Foundation and Trustee of Leeds Castle Retirement Benefit Scheme.

Richard was Chief Executive of CDC Group plc from 2004 to 2011, having joined the organisation in 2000 as Finance Director. Prior to CDC, he spent 15 years at De La Rue, latterly as the Group Finance Director. 
He is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).

Chair and Board member since 1 January 2016. 

Jennifer Dunstan

Non-executive Director

Jennifer joined 3i in 2005 as an investor (then Partner) in the UK Buyouts team and Head of Consumer in the UK. In 2009 she moved to head up the Fund Investor Relations team.

Before joining 3i, Jennifer spent nine years at Terra Firma Capital Partners and Nomura’s Principal Finance Group (PFG), where she was Managing Director. 

Jennifer started her career as a solicitor for Allen, Allen & Hemsley in Sydney and London. She is Co-Founder, non-executive Director and past Chair of Level 20, an initiative to support women in private equity.

Board member since 20 July 2023. 

Milton Fernandes

Non-executive Director

Milton has over 20 years’ experience in infrastructure investment. Until 2022, he was the Chief Financial Officer and Managing Director of Infracapital. Prior to Infracapital, Milton was Chief Financial Officer of Innisfree Limited, a specialist infrastructure PFI/PPP investor. He also held board positions on a number of portfolio companies while at Infracapital and Innisfree. After qualifying as a chartered accountant in 1986, Milton joined EY where he worked for over six years up to senior manager level in the Audit and Assurance group.

Milton is a director of ArcCap Holdings Limited and a trustee of Action Against Hunger UK.

Milton is a fellow of the Institute of Chartered Accountants in England & Wales.

Board member since 15 July 2024. 

Lisa Gordon

Non-executive Director

Lisa Gordon has over 30 years of board experience, in executive and non-executive roles at both listed and private companies. Lisa previously served as a Non-Executive Director of Alpha Group International plc, M&C Saatchi plc, Albert Technologies plc, and Future plc. She was a co-founder and the Corporate Development Director of Local World plc (prior to its acquisition by Trinity Mirror), the Chief Operating Officer of Yattendon Group plc, and the Director of Corporate Development of Chrysalis Group plc. Prior to this, Lisa’s early background was in financial services as an equities analyst with County NatWest Securities.

Lisa is Chair of UK investment bank, Cavendish plc. She is also currently a Non-Executive Director of JPMorgan UK Small Cap Growth and Income plc and Magic Light Pictures Limited, and is Board Adviser to Fulcrum Asset Management LLP. Lisa is a member of the Capital Markets Industry Taskforce.

Board member since 11 March 2025. 

Stephanie Hazell

Non-executive Director, Senior Independent Director

Stephanie has over 25 years' experience across the energy, infrastructure and telecoms sectors and brings broad non-executive Director experience. She was previously a non-executive Director of Open Utility Limited (Piclo), Neos Networks Limited and North Sea Midstream Partners Limited (Jersey), an advisory board member for Shell New Energy, Director of Strategy and Corporate Development at National Grid and a senior manager with Orange and Virgin Group. She began her career as a management consultant at PwC.

She is currently a non-executive Director and Chair of the Remuneration Committee of Renew Holdings plc and a non-executive Director of Extra MSA Services Ltd.

Board member since 29 September 2022.

Martin Magee

Non-executive Director

Martin has extensive executive and non-executive experience across a number of sectors, with particular expertise in finance and funding matters. 

Martin was a non-executive Director and Audit Chair of Jersey Post International Limited and until May 2021 was non-executive Chair of Aberdeen Standard Capital Offshore Strategy Fund Limited.  

Martin served as the Finance Director and an Executive Director of Jersey Electricity plc from 2002 until July 2023. Before Jersey Electricity, Martin spent nine years at Scottish Power plc in a variety of senior finance roles. He previously worked with Stakis plc (now part of the Hilton Hotels Group) for nine years.
 
He is a current member of the Institute of Chartered Accountants of Scotland having qualified in 1984.
 
Board member since 20 July 2023.