Infrastructure

Secondaries industry must expand options in longer-term infra market – HarbourVest

Secondaries firms should develop vehicles capable of providing liquidity for a wider variety of players within the infrastructure space, says HarbourVest’s Diego Jimenez at PEI Group’s Infrastructure Investor Network Global Summit.

Why infra secondaries could see its best year so far

Heightened supply and the climbing cost of credit mean the pricing for infrastructure secondaries is increasingly attractive for buyers.

Rothschild taps ex-AlpInvest’s Moerel to advise on GP-leds

Rothschild advised on €2bn of GP-led deal volume last year, including infrastructure continuation fund deals for Ancala Partners and DWS.

GPs look to multi-asset continuation funds for DPI – Campbell Lutyens

There was a sharp spike in the use of deferrals last year, driven by improved pricing for GPs and additional benefits for secondaries buyers, according to partner Gerald Cooper.

Liquidity the primary use case for GPs looking to enter secondaries processes – PJT

More than one in four GPs used the secondaries market to extend hold periods, while a further 18% were enticed by unfunded commitments, according to the investment bank.

Secondaries fundraising more than doubles to hit all-time high

The amount of capital raised for the strategy last year eclipsed the previous $101bn record set in 2020, data from Secondaries Investor shows.

Strategic Partners amasses almost $2bn for infra secondaries so far

The Blackstone unit previously raised $3.75bn for its third programme focusing on the asset class.

All eyes on infra and the dealflow uptick to come

Three infrastructure managers were snapped up during a week where Pantheon has raised the market’s biggest ever secondaries fund focusing on the asset class.

Top five fundraises of 2023

Blackstone Strategic Partners tops the list with a record-breaking fundraising for its ninth flagship fund, which amassed $22.2bn.

Bullish sentiment remains for secondaries amid macro uncertainties

The secondaries market will boom in 2024 as liquidity concerns persist and LPs look to invest in new asset classes, a panel at PEI’s Women in Private Markets Summit has heard.