News & Analysis

While infrastructure CVs tend to be completed at or above fair market price, LPs are doubtful that these deals mark the best price that could be achieved, according to panellists at PEI Group’s Infrastructure Investor Global Summit 2026.

The firm’s seventh fund may invest across a wide range of secondaries strategies.

Stonehage Fleming and GreenBear Group want ageing funds wound up quickly to avoid issues such as questions around valuations. The secondaries market is a viable resolution route.

The infrastructure secondaries team that was previously operating under AXA IM Prime began building a seed portfolio in 2023 and held a first close on its debut infrastructure fund in 2024, head of infrastructure Asseman and head of infrastructure secondaries Qureshi tell Secondaries Investor.

Temasek launched its first collateralised fund obligation in 2006. Two decades on, the technology continues to grab the interest of new and repeat institutions.

Infra secondaries doesn’t have enough dry powder to cover one year of potential transaction volume given its modest capital overhang, Macquarie’s Wandy Hoh said at PEI Group’s Infrastructure Investor Global Summit 2026.

The structured solutions specialist has closed Dawson GP Finance 2 on its $750m hard-cap, surpassing its $500m target.

The digital LP-led secondaries marketplace, which has facilitated smaller transactions since its founding, is seeking to attract larger sales, founder and CEO Antoine Dréan told Secondaries Investor.

Mid-market managers are also embracing the multi-asset structure to ‘achieve critical mass’ in CVs, according to Elm Capital’s 2025 Private Markets Review.

The investment bank has hired four people, two of whom are coming from PJT, Secondaries Investor understands.