Infrastructure

Market volatility may have increased denominator effect concerns in recent months but infrastructure allocations are still trailing targets.

There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM’s global head of secondaries, tells Secondaries Investor.

A confluence of dynamics is driving secondaries activity in the asset class – providing dealflow and attracting more buyside interest.

The firm also expects a final close on Hamilton Lane Infrastructure Opportunities Fund II this year.

Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.

The advisory firm and placement agent now has more than 60 secondaries-focused professionals globally.

Pantheon Global Infrastructure Fund IV’s target, capital raised so far and deal log were disclosed in a presentation to a US pension this week.

The asset class needs to modernise and confront the tension between assets’ long lives and different investors’ liquidity needs.

Featuring three assets from its first fund, the new vehicle closed oversubscribed and with an all-new group of investors.

Presenting the third instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.