Perella Weinberg has formed its latest joint venture deal close to the fourth anniversary of its conception, as the US boutique plans to invest in the transportation industry with the establishment of a fund to put as much as $100m (€70m) into the sector.

The joint venture with Infinity Capital Partners, which will be called Infinity Transportation, will see Perella Weinberg and Infinity, an Atlanta, Georgia-based industry specialist fund, invest up to $100m in rail, trucking and transport-related assets.