Infrastructure

Stafford Infrastructure Secondaries Fund V has raised about one-third of its €1.3bn target.

Infrastructure secondaries will benefit from the same drivers of turnover as the private equity market, write AXA IM Prime’s Jean-Pascal Asseman and Faraz Qureshi.

Pilot product helps LPs conduct cost-benefit analyses and lets smaller GPs act without advisers.

The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

Hamilton Lane is seeing an ‘extremely strong’ dealmaking pipeline in infrastructure secondaries, according to the firm’s head of infrastructure and real assets Brent Burnett.

Buyout and infrastructure secondaries had the strongest pricing, according to multiple reports, while venture pricing was the lowest.

The world’s largest asset manager is banking on deal volume for the strategy reaching $25bn by 2027.