Infrastructure

Here are some key things to know about the asset management giant’s plans to build a holistic secondaries business.

The asset manager has extended the life of Archmore International Infrastructure Fund I by two years and given LPs the option to cash out.

The firm last week said it had held the final close on its latest fund to invest on a secondary basis in energy, power, infrastructure and natural resources.

The process is focused on UK-headquartered Peel Ports Group, whose sale of a stake in 2020 to AustralianSuper valued the business at more than €4bn.

A recent GP-led deal involving an evergreen structure represents a novel way for infrastructure investors to hold on to assets. The question is whether such transactions can scale.

The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.

Allianz Global Diversified Infrastructure Equity Fund will pursue primary fund commitments, secondaries transactions and co-investments globally.

The Spanish fund of funds manager beat the target of its debut Arcano Earth Fund, which is already almost 90% deployed.

The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.

Kempen Capital Management’s director, private markets, Marvin de Jong, warns that the covid-19 crisis is not a re-run of 2008.