Infrastructure

The pair are working on a further four global co-advisory mandates, Alex Bruce and Immanuel Rubin tell Secondaries Investor.

The vehicle, which will commit to infrastructure secondaries as well as direct infra deals, will target investors globally, Secondaries Investor understands.

Macquarie Alliance Partners Infrastructure Fund is understood to have a $1bn hard-cap, per affiliate title Infrastructure Investor.

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

The largest proportion – $400m – went towards private equity secondaries, according to the firm’s Q2 earnings presentation.

PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.

LP-led deals made up 57% of volume as pricing increased for buyout, credit, and venture and growth, according to the adviser’s half-year report, shared with Secondaries Investor.

One-third of respondents to Secondaries Investor‘s latest survey of intermediaries say they worked with another adviser on a transaction during the reporting period.

Processes involving oil and gas assets have seen 2x oversubscribed interest with cashflow yields between 20-30%.

The €255bn unit of French financial giant BNP Paribas Group wants to sell a bundle of private equity and infrastructure stakes, Secondaries Investor has learned.