Infrastructure

The deal marks the second continuation vehicle process Meridiam has undertaken this year, with GIC backing its prior €2.2bn deal.

Investors are putting more resources towards shorter hold secondaries and co-investments, according to Mercer’s head of European infrastructure Julia Schiffer.

While the region has seen growing secondaries appetite in the past few years, executed deals remain far and few between, market participants tell PEI Secondaries Investor.

Foresight Group’s continuation vehicle for transport operator Kinetic comes as it winds up its Diversified Infrastructure Trust.

The proposed purchase would increase VPIC’s exposure to an existing manager while helping close its $27m farmland allocation shortfall.

In respect of their longstanding infrastructure portfolios, Abu Dhabi Investment Council is a keen trader of secondaries but the Swedish insurer isn’t, explain infra specialists Saoud Al Mulla and Hans Forssman.

Continuation vehicles are succeeding because they’re solving real problems for LPs.

The fund aims to capitalise on surging investor interest in infra CVs and strong tailwinds in the aquaculture market to support the global expansion of wellboat company Sølvtrans.

Thanks to ongoing LP acceptance and secular tailwinds, continuation vehicles in infrastructure are getting a new lease of life.

As buyers position themselves in the market, they need to ensure they have all the ‘whistles and bells’ to cater to sellers and investors, CVC Secondary Partners’ head, Carlo Pirzio-Biroli, tells PEI Secondaries Investor.