Infrastructure

The fund is slightly skewed towards LP-led deals and looks for opportunistic investments in the GP-led market, head of infrastructure secondaries, Wandy Hoh, tells Secondaries Investor.

The firm’s infrastructure partnership investments unit has generated $1.5bn for investors in the first half of this year.

In this special episode from our affiliate The Infrastructure Investor Podcast, we discuss the evolution of infra secondaries, its best-in-class pricing, the outsized role of continuation funds, new buyer-led technology and more.

Part of the portfolio, which includes exposure to Advent International and Antin Infrastructure Partners, was picked up by Hamilton Lane.

While there are a growing number of dedicated vehicles, the infrastructure secondaries market is undercapitalised.

A North American pension fund is exploring commitments to six funds managed by Ares, Blackstone, HarbourVest, Macquarie, Pantheon and Partners Group.

Having last acquired infra secondary assets in 2017, the €616bn Dutch pension manager may tap the fast-growing market again, says infra chief Jan-Willem Ruisbroek.

The placement agent, which takes a generalist approach to primary and secondaries advisory, has made a number of hires from advisers including Mercury, chief executive Paul Buckley tells Secondaries Investor.

The €250m CV for biogas company Grupo Gestcompost is the largest transaction of its kind for Barcelona-headquartered Suma Capital.

The infra secondaries market saw $40bn to $45bn of potential dealflow last year, attendees at PEI Group’s Infrastructure Investor Global Summit heard.