Adam Le
Three infra managers were snapped up as Pantheon has raised the market's biggest ever secondaries fund focusing on the asset class.
The Melbourne office brings the firm's total global presence to 11 and is its fifth in the APAC region.
Pantheon Global Infrastructure Fund IV launched in 2021 with a $3bn target and has already committed $1.3bn to 13 investments.
The firm’s $1bn haul for its first dedicated commingled infra secondaries vehicle last week couldn't come at a more opportune time.
A confluence of dynamics is driving secondaries activity in the asset class – providing dealflow and attracting more buyside interest.
Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.
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.
Stafford Infrastructure Secondaries Fund V will seek €1.3bn and comes five months after the firm closed its predecessor vehicle.
William Greene, managing partner at Stafford Capital Partners, discusses why some LPs are selling stakes in infra funds and how big this market could become.
Energy and infra secondaries accounted for 6% of the $134bn in deal volume last year, according to Evercore.