Gerrard Bushell
Research Interest
May 2024
Dr. Gerrard P. Bushell is the Chair of CAG Holdings, a dedicated investment company for airport infrastructure for The Carlyle Group. While serving as Chair of CAG, he also served as President and CEO of the $9.5 billion New Terminal One (NTO) at JFK. He successfully led the team closing and delivering the largest single asset project financing in US history during a global pandemic carrying it through development, design, lease close, financial close, and construction. CAG Holdings led the project development and concluded lease and financial close of JFK’s New Terminal One working closely with Ferrovial, JLC, and Ullico. The New Terminal One Project is on budget and on schedule. Steel is complete and topped, foundations are complete, curtain wall near completion, and 95% of construction costs purchased. The project has committed more than $1 billion in awards to MWBE firms and $500 million in awards to local firms in Queens.
In 2015, Dr. Bushell was appointed by the Governor and confirmed by the New York State Senate as President & CEO of DASNY, one of nation’s largest developers of infrastructure and issuers of tax-exempt financing. He led over $38 billions of private and public debt issuances and oversaw the work of underwriters and financial advisors for whose selection he was responsible. Under Dr. Bushell’s leadership, DASNY exceeded MWBE goals of 30% and introduced innovative procurement strategies partnering majority and minority firms.
Before DASNY, Dr Bushell was an accomplished senior investment advisor who raised billions of private and public investment capital and counseled leading institutional investors as a Director for BNY Mellon, Director in the Client Partner Group at KKR, Managing Director at Arden Asset Management, and the Head of Institutional Sales at Clearbridge Investments, formerly Citi Asset management.
Dr. Bushell started his career in government and labor serving in senior roles for New York State Comptroller H. Carl McCall, NYC Councilwoman C. Virginia Fields, and the NYC public employees union, District Council 37. A graduate of Columbia University in both the College and Graduate School of Arts and Sciences, Dr. Bushell holds a B.A., M.A., and PhD. in Urban Political Economy from the Department of Political Sciences where he holds an appointment as an Adjunct Professor teaching state politics and finance.