IIF wasÂ established through a partnership of three anchor investors.
Harel Insurance Group
Established in 1982, Harel Insurance Investments & Financial Services Ltd. (TASE Tel Aviv 75 Index) is one of Israelâ€™s largest insurance and finance groups, offering comprehensive insurance and financial solutionsÂ – with a market share of 22%. Group assets under management, in insurance, pension funds, provident funds, mutual funds and financial services totaled overÂ USD 46 Billion (as of June 2016). Â Harel also represents several of the worldâ€™s leading insurance companies in Israel.
During the past decade, Harel has expanded its investments Â in insurance, financing and real estateÂ in Israel and around the world.
Harel was one of the earlier adopters in Israel, identifying the infrastructure sector as one of its strategic asset classes in recent years. Harel is the largest single investor across Israel Infrastructure’s three funds.
Yaron Kestenbaum is the founding and managing partner of IIF as well as serving as a director and advisor to our portfolio companies. Yaron is a renowned infrastructure expertÂ in bothÂ the private and government sectors â€“ having held senior positions in some of the largest infrastructure assets in Israel.
Yaron previously served as Director of the Division for Public Private Partnership Projects in Israelâ€™s Ministry of Finance, where he led the negotiations for a number of key projects including the Jerusalem Light Rail, the Carmel Tunnels, and the Trans-Israel Highway. In parallel, heÂ was a member of several Inter-Ministerial Tender Committees and Managing Authorities for PPP projects.
Prior to this, Yaron was Business Development Manager for Housing and Construction Group, the largest publicly traded construction & holding company in Israel, responsible for sourcing and initiating construction projects throughout Europe and Israel.
Yaron is the author of guidelines for identifying and structuring appropriate projects for implementation by the private sector, as well as the white paper “Cross-Sectional Issues in BOT/PFI Projects: Problems, Alternatives and Recommendations.”
Yaron holds an MBA from Tel Aviv University, Israel and a BA in Business Management & Economics.
STG Investments Ltd.
S.T.G. Investments Ltd. is a private company controlled by Yehuda Raveh. Mr. Raveh is an expert in project finance and a senior partner at Yehuda Raveh & Co. – one of Israelâ€™s leading law firms, specializing in project financing, principally in energy, water, transportation and other infrastructure sectors. The firm is rated by the EuroMoney group and several other international directories as a leader in the field of project financing in Israel and Europe.
Yehuda Raveh & Co. has acted as principal advisor for many infrastructure projects in Israel such as Highway 6, The New Government District, expansion of The Knesset premises and the Ashkelon Water Desalinization Facility.