Jean Keller’s Quaero Capital, a Geneva-based asset manager, has launched an infrastructure business led by two former executives at Edmond de Rothschild, the private banking and asset management group.

Sébastien Bourget and Antoine Turrettini have won commitments of €50 million for the firm's first European infrastructure fund, which is domiciled in France and is targeting small and medium-sized projects in sectors like transport, utilities and energy.