InvIT, REIT, Infra-PE & Real-Estate-PE Leadership
Infrastructure & Real-Estate Private Equity
Executive Search
65+ Infra & Real-Estate PE Placements — with an average 110 Days time-to-placement and a 12-month candidate guarantee.
65+
Infra & Real-Estate PE Placements
110 Days
Avg. Time-to-Placement
88%
Offer Acceptance Rate
12 Months
Candidate Guarantee
Specialisation withinPrivate Equity & Venture Capital·Unlocking Value Through Leadership
Infrastructure and real-estate private-equity in India operates across the dedicated global infrastructure funds (Brookfield Infrastructure, Macquarie Asset Management, KKR Infrastructure, Blackstone Infrastructure, Global Infrastructure Partners — now BlackRock GIP, I Squared Capital, Stonepeak, Actis, Copenhagen Infrastructure Partners, Ontario Teachers' Pension Plan, CPP Investments, CDPQ, GIC, ADIA-Infrastructure, OMERS Infrastructure, Mubadala Infrastructure), the dedicated global real-estate funds (Blackstone Real Estate — the largest real-estate owner in India, Brookfield Real Estate, GIC Real Estate, CPP Real Estate, Ivanhoé Cambridge, Xander Group, Hines, ADIA Real Estate, Singapore's CapitaLand, Goldman Sachs Real Estate), the Indian infrastructure-and-real-estate sponsors (Adani Group, Tata Group, GMR, GVK, L&T, NHAI-InvIT, PFC-and-REC-sponsored-InvITs, Embassy-Group-and-Blackstone-sponsored Embassy REIT, Mindspace REIT, Brookfield India REIT, Nexus Select Trust), and the National-Investment-and-Infrastructure-Fund (NIIF) and sovereign-wealth-anchored platforms. Leadership spans InvIT / REIT Chief-Executive-Officers, Fund-Managing-Directors / Partners, Portfolio-Asset-Managers, Head of Asset Management, Head of Project Development, and specific infrastructure-sector leadership (roads, ports, airports, power-transmission, renewable-energy, data-centres, logistics-parks, commercial-real-estate).
Is This Your Situation?
If any of these sound familiar, you're speaking to the right practice.
→Listed InvIT / REIT running Chief-Executive-Officer succession — confidential search across listed-infrastructure-or-real-estate-platform credibility and asset-management-and-distribution-yield stewardship.
→Global infrastructure-PE fund scaling its India platform running Managing Director succession for its renewable-energy-and-transmission practice — search across infrastructure-deal-origination credibility and sector-investment stewardship.
→Global real-estate-PE fund running Managing Director succession for its office-and-logistics practice — search across real-estate-deal-origination credibility and asset-class-investment stewardship.
→PE-backed data-centre-platform scaling to 500 MW running Chief-Executive-Officer succession — search across data-centre-platform-CEO credibility and hyperscale-customer-engagement stewardship.
Our Infrastructure & Real-Estate PE Track Record
Situation:
A listed commercial-real-estate REIT sponsored by a global real-estate-PE platform needed Chief-Executive-Officer succession. The brief required listed-real-estate-platform credibility, office-and-logistics-and-retail asset-management stewardship, SEBI-REIT-regulation architecture fluency, unitholder-and-institutional-investor-engagement discipline, and the governance rhythm of listed-REIT management.
Outcome:
Placed a CEO with prior Chief-Executive-Officer tenure at another listed REIT (with 14+ years of commercial-real-estate-platform leadership including Grade-A-office and logistics-park development) and subsequent Managing-Director tenure at a global real-estate-PE platform's India operations. The REIT's AUM-growth, distribution-yield, and institutional-unitholder-base expanded materially within 24 months.
Situation:
A global infrastructure-PE fund scaling its India platform needed Managing Director succession for its renewable-energy-and-transmission-infrastructure investment practice. The brief required infrastructure-deal-origination credibility, renewable-energy-and-transmission sector-investment stewardship, InvIT-and-platform-aggregation architecture fluency, and the governance rhythm of global-infrastructure-PE India operations.
Outcome:
Placed a Managing Director with prior Senior-Director tenure at a competing global infrastructure-PE platform's India operations (with 13+ years of renewable-energy-and-transmission infrastructure-investment including InvIT-listing experience) and subsequent Chief-Investment-Officer tenure at a domestic renewable-energy-aggregator. The fund's renewable-energy-and-transmission deployment-pace and platform-building progressed ahead of plan within 24 months.
All client details anonymised. Specific mandates available for reference under NDA upon request.
Our Infrastructure & Real-Estate PE Practice
Infrastructure and real-estate private-equity in India operates across the dedicated global infrastructure funds (Brookfield Infrastructure, Macquarie Asset Management, KKR Infrastructure, Blackstone Infrastructure, Global Infrastructure Partners — now BlackRock GIP, I Squared Capital, Stonepeak, Actis, Copenhagen Infrastructure Partners, Ontario Teachers' Pension Plan, CPP Investments, CDPQ, GIC, ADIA-Infrastructure, OMERS Infrastructure, Mubadala Infrastructure), the dedicated global real-estate funds (Blackstone Real Estate — the largest real-estate owner in India, Brookfield Real Estate, GIC Real Estate, CPP Real Estate, Ivanhoé Cambridge, Xander Group, Hines, ADIA Real Estate, Singapore's CapitaLand, Goldman Sachs Real Estate), the Indian infrastructure-and-real-estate sponsors (Adani Group, Tata Group, GMR, GVK, L&T, NHAI-InvIT, PFC-and-REC-sponsored-InvITs, Embassy-Group-and-Blackstone-sponsored Embassy REIT, Mindspace REIT, Brookfield India REIT, Nexus Select Trust), and the National-Investment-and-Infrastructure-Fund (NIIF) and sovereign-wealth-anchored platforms. Leadership spans InvIT / REIT Chief-Executive-Officers, Fund-Managing-Directors / Partners, Portfolio-Asset-Managers, Head of Asset Management, Head of Project Development, and specific infrastructure-sector leadership (roads, ports, airports, power-transmission, renewable-energy, data-centres, logistics-parks, commercial-real-estate).
As a specialist CEO mandates in InvIT, REIT, and PE-backed infrastructure-and-real-estate platforms, our practice also covers CFO placements in InvIT, REIT, and PE-backed platforms, our practice also covers Private Equity & Venture Capital practice overview, and as a source for Infrastructure & Real Estate industry practice.
The Infrastructure & Real-Estate PE Landscape Today
Indian infrastructure-and-real-estate private-equity AUM exceeded ₹6 lakh crore by late-2025 across infrastructure-focused and real-estate-focused global-and-domestic platforms. InvIT-and-REIT listings — IRB InvIT, IndiGrid, India Grid, PowerGrid InvIT, Adani Transmission InvIT, Highways Infrastructure InvIT, Embassy Office Parks REIT (India's first REIT, 2019), Mindspace Business Parks REIT, Brookfield India REIT, Nexus Select Trust — have unlocked listed-platform-liquidity for infrastructure-and-real-estate assets. The National-Monetisation-Pipeline (₹6 lakh crore asset-monetisation target through 2025) and the National-Asset-Monetisation-Pipeline have accelerated InvIT-and-core-asset-monetisation opportunities. Commercial-real-estate platforms (Embassy-Blackstone, DLF, Brookfield, Mindspace-K-Raheja) have scaled material Grade-A-office-and-logistics-and-retail portfolios. Data-centre-and-hyperscale-infrastructure PE (NTT-Netmagic / STT / CtrlS / Yotta / Sify / Nxtra by Airtel / Adani Connex with EdgeConneX) has become a material sub-sector given the Data-Protection-DPDP Act 2023 localisation architecture. Renewable-energy-and-transmission InvITs and PE-acquisitions have scaled with the 500 GW-2030 renewables-capacity trajectory.
Key Leadership Challenges in Infrastructure & Real-Estate PE
InvIT / REIT Chief-Executive-Officer / Managing-Director succession requires listed-infrastructure-or-real-estate-platform credibility, asset-management-and-distribution-yield stewardship, SEBI-InvIT-and-REIT-regulation architecture fluency, unitholder-and-institutional-investor-engagement discipline, and the governance rhythm of listed-InvIT-and-REIT management.
Managing Director / Partner succession at global infrastructure-PE fund India operations requires infrastructure-deal-origination credibility, infrastructure-sector-investment stewardship (roads, ports, airports, power-transmission, renewable-energy, data-centres, logistics), and the governance rhythm of global-infrastructure-PE India operations.
Managing Director / Partner succession at global real-estate-PE fund India operations requires real-estate-deal-origination credibility, real-estate-asset-class-investment stewardship (office, retail, logistics, residential-rental, data-centres, hospitality), and the governance rhythm of global-real-estate-PE India operations.
Head of Asset Management / Head of Portfolio Management succession at listed-InvIT-and-REIT and unlisted-infrastructure-and-real-estate-platforms requires asset-level-value-creation credibility, operating-cost-and-yield-optimisation stewardship, and the specific asset-management rhythm.
Chief Executive Officer succession at infrastructure-and-real-estate-PE-backed-platform-company (NHAI-concession-aggregator / private-transmission-company / data-centre-platform / logistics-park-platform / renewable-energy-aggregator) requires PE-backed-infrastructure-CEO credibility and the specific infrastructure-platform-CEO rhythm.
Head of Project Development / Head of Greenfield succession requires infrastructure-project-development and construction-risk-management credibility and the specific greenfield-project-development rhythm.
What We Look For in Infrastructure & Real-Estate PE Leaders
Across mandates, infrastructure & real-estate pe leadership tends to cluster into a small set of archetypes. We calibrate each search against the profile your board actually needs — not the one most commonly available.
The InvIT / REIT Chief Executive Officer
Listed-platform senior executive with listed-infrastructure-or-real-estate-platform credibility, asset-management-and-distribution-yield stewardship, SEBI-InvIT-and-REIT-regulation architecture fluency, unitholder-and-institutional-investor-engagement discipline, and the governance rhythm of listed-InvIT-and-REIT management.
The Global Infrastructure-PE Managing Director
Senior infrastructure-investment leader with infrastructure-deal-origination credibility, multi-sector-infrastructure-investment stewardship (roads, ports, airports, power-transmission, renewable-energy, data-centres, logistics), LP-and-institutional-investor-engagement discipline, and the governance rhythm of global-infrastructure-PE India operations.
The Global Real-Estate-PE Managing Director
Senior real-estate-investment leader with real-estate-deal-origination credibility, multi-asset-class-real-estate-investment stewardship (office, retail, logistics, residential-rental, data-centres, hospitality), LP-and-institutional-investor-engagement discipline, and the governance rhythm of global-real-estate-PE India operations.
The PE-Backed Infrastructure / Real-Estate Platform CEO
Platform executive with PE-backed-infrastructure-or-real-estate-CEO credibility, greenfield-and-brownfield-project-execution stewardship, regulatory-and-concession-management discipline, operating-asset-optimisation architecture fluency, and the specific infrastructure-or-real-estate-platform-CEO rhythm.
The Head of Asset Management / Portfolio Management
Asset-management expert with asset-level-value-creation credibility, operating-cost-and-yield-optimisation stewardship, lease-management-and-tenant-engagement discipline, and the specific InvIT-REIT-or-platform-asset-management rhythm.
The Head of Project Development / Greenfield
Project-development leader with infrastructure-project-development credibility, construction-risk-management stewardship, financial-close-and-EPC-contractor-management discipline, regulatory-and-concession-negotiation architecture fluency, and the specific greenfield-project-development rhythm.
Regulatory & Compensation Context
Regulatory Backdrop
Infrastructure-and-real-estate private-equity activity sits at the intersection of the SEBI (Infrastructure Investment Trusts) Regulations 2014 (InvIT-Regulations, as amended — governing listed-and-unlisted InvIT architecture with minimum-investable-asset-and-sponsor-SPV architecture, 80% investment in completed-and-revenue-generating-infrastructure, 90%-NDCF-distribution mandate, and governance architecture), the SEBI (Real Estate Investment Trusts) Regulations 2014 (REIT-Regulations, as amended — with 80% investment in completed-and-rent-generating-real-estate, 90%-NDCF-distribution mandate, and rigorous governance architecture), the SEBI (Alternative Investment Funds) Regulations 2012 (for Category-II AIFs — including infrastructure-and-real-estate-focused funds), the Foreign Exchange Management Act 1999 with FEMA Non-Debt-Instruments Rules 2019 (governing FDI into InvIT / REIT / infrastructure / real-estate and sectoral-caps architecture), the Companies Act 2013, the Income-Tax Act 1961 (including Section 10(23FC) tax-pass-through architecture for InvIT / REIT interest-income, Section 10(23FCA) for REIT rental-income, Section 47 tax-neutral-reorganisations, and Section 115JB MAT), the National-Highways-Act 1956 and the Toll-Policy-architecture (for roads-InvITs), the Electricity Act 2003 and the Central-Electricity-Regulatory-Commission (CERC) and State-Electricity-Regulatory-Commission (SERC) architecture (for power-transmission-and-distribution-InvITs), the Petroleum-and-Natural-Gas-Regulatory-Board-Act 2006 (for gas-pipeline-InvITs), the Airports-Economic-Regulatory-Authority-Act 2008 (for airports), the Major-Ports-Authorities-Act 2021 (for ports), the Real-Estate-Regulation-and-Development-Act-2016 (RERA — for real-estate projects), the Benami-Transactions-Prohibition-Amendment-Act 2016, the Prevention-of-Money-Laundering-Act 2002 (PMLA), the Right-to-Fair-Compensation-and-Transparency-in-Land-Acquisition-Rehabilitation-and-Resettlement-Act 2013 (for land-acquisition), the Environment-Protection-Act 1986 and MoEF-CC-architecture (for environmental-clearances), and the Data-Protection-DPDP-Act 2023 (for data-centre-platform-architecture). The National-Monetisation-Pipeline-2021-25 architecture and the National-Infrastructure-Pipeline 2019-25 (with ~₹111 lakh crore of planned-infrastructure-investment) provide the broader policy-context. The Ministry-of-Housing-and-Urban-Affairs (MoHUA) REITs-and-affordable-housing architecture, the Ministry-of-Road-Transport-and-Highways (MoRTH) BOT / HAM / TOT concession architecture, and the Ministry-of-Power / MNRE architecture for renewable-energy and transmission are sector-specific.
Compensation Architecture
Infrastructure-and-real-estate PE leadership compensation mixes substantial base-plus-bonus with material carried-interest / incentive-architecture. InvIT / REIT Chief Executive Officer compensation ranges ₹4-10 crore fixed + ₹3-8 crore annual bonus + listed-unit-linked-ESOP architecture (typically 0.5-1.5% unit-based-ESOP with performance-vesting on distribution-yield and AUM-growth metrics). Managing Director at global infrastructure-PE fund India operations ranges ₹3.5-7 crore base + ₹3-6 crore annual bonus + material carried-interest (typically 4-12% of fund-level carry allocations for senior roles). Managing Director at global real-estate-PE fund India operations is similarly architected. PE-backed infrastructure-or-real-estate-platform CEO compensation ranges ₹5-20 crore fixed + ₹3-10 crore annual bonus + material equity-architecture (typically 1-3% sweet-equity / management-equity-programme with value-creation-milestone-and-exit-event vesting). Head of Asset Management / Head of Portfolio Management compensation ranges ₹2-5 crore + bonus + platform-performance-linked-incentive architecture. Head of Project Development / Head of Greenfield compensation ranges ₹2.5-6 crore + project-milestone-linked-bonus architecture. Sector-Specific Platform Head compensation (Data Centres, Logistics, Renewables, Commercial Real Estate) ranges ₹3-8 crore + equity-architecture with hyperscale-tenant-acquisition / NOI-growth / generation-or-absorption-linked performance-architecture.
Roles We Typically Place
Why Gladwin International Leadership Advisors for Infrastructure & Real-Estate PE
InvIT / REIT Chief-Executive-Officer and Managing-Director searches with listed-InvIT-and-REIT credibility.
Managing Director and Partner searches at global infrastructure-PE fund India operations (Brookfield Infrastructure, Macquarie Asset Management, KKR Infrastructure, Blackstone Infrastructure, GIP-BlackRock, Stonepeak, Actis).
Managing Director and Partner searches at global real-estate-PE fund India operations (Blackstone Real Estate, Brookfield Real Estate, GIC Real Estate, CPP Real Estate, Xander Group, Hines).
Chief Executive Officer and Managing Director searches at PE-backed-infrastructure-and-real-estate-platform companies.
Head of Asset Management / Head of Portfolio Management searches at listed-InvIT-and-REIT and unlisted-infrastructure-and-real-estate-platforms.
Head of Project Development / Head of Greenfield and sector-specific-platform-leadership searches (roads, ports, airports, transmission, renewable-energy, data-centres, logistics-parks, commercial-real-estate).
Chief Investment Officer, Chief Financial Officer, and Chief Operating Officer searches at InvIT-and-REIT-sponsors and PE-backed-infrastructure-and-real-estate-platforms.
Organisations We Serve
Global infrastructure-PE fund India operations (Brookfield Infrastructure, Macquarie Asset Management, KKR Infrastructure, Blackstone Infrastructure, GIP-BlackRock, I Squared Capital, Stonepeak, Actis, Copenhagen Infrastructure Partners).
Global real-estate-PE fund India operations (Blackstone Real Estate, Brookfield Real Estate, GIC Real Estate, CPP Real Estate, ADIA Real Estate, Ivanhoé Cambridge, Xander, Hines, CapitaLand, Goldman Sachs Real Estate).
Listed Indian InvITs (IRB InvIT, IndiGrid, India Grid, PowerGrid InvIT, Adani Transmission InvIT, Highways Infrastructure InvIT, National Highways Infra Trust / NHIT).
Listed Indian REITs (Embassy Office Parks REIT, Mindspace Business Parks REIT, Brookfield India REIT, Nexus Select Trust).
Indian infrastructure-and-real-estate sponsors (Adani Group, Tata Group, GMR Group, GVK, Larsen & Toubro, NHAI, Embassy Group, DLF, K-Raheja Corp, Prestige Estates, Oberoi Realty, Godrej Properties).
Data-centre-and-hyperscale platforms (NTT-Netmagic, STT India, CtrlS, Yotta Infrastructure, Sify, Nxtra by Airtel, Adani Connex / EdgeConneX, Reliance Jio Data Centres).
Logistics-park and warehousing platforms (Blackstone Horizon Industrial Parks, Embassy Industrial Parks, IndoSpace, LOGOS India, Welspun One, Ascendas-Firstspace, NDR Warehousing).
National-Investment-and-Infrastructure-Fund (NIIF) and sovereign-wealth-anchored platforms.
Infrastructure & Real-Estate PE leaders assessed on the PE & VC “PRISM” framework
Seven dimensions calibrated for PE and VC portfolio company leadership. Dimensions are calibrated for infrastructure & real-estate pe mandates where relevant.
Parent Practice
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