Bruno Alves
Fundraising was much improved year-on-year, but managers are spending nearly 30 months on the road before funds reach a final close.
The close puts the Spanish manager roughly at the halfway mark after five months in market, as it lands its first airports deal.
The structure, at the heart of funds by BlackRock and Brookfield, appears to be gaining momentum.
A first close is earmarked for later this year, which could see the vehicle raise about half of its targeted capital.
New firm Proxima aims to capitalise on an undersupply of trains in key parts of the market, co-founder Tim Jackson tells us.
There are now more options than ever for managers to form capital around their marquee holdings.
Two large deals from Brookfield and GIP/CPP show both the size of the opportunity and private capital’s natural advantage.
Fundraising more than tripled compared to Q1 2023, but this first quarter is still the second lowest of the past five years.
An inability to think long term has created a straitjacket that will be hard and costly to break out of.
The vehicle is targeting €1bn to focus on LP- and GP-led transactions as well as select co-investment opportunities.