
Rod James
Stafford expects infrastructure secondaries deal volume to almost double by 2025 to $10bn.
The portfolio acquired from a sovereign wealth fund is probably the largest-ever infrastructure sale, said Blackstone COO Jon Gray.
GP-led processes were used to isolate top performing assets during the bull market, so why not the opposite now?
The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.
The $66bn sovereign wealth fund is inviting bids on a portfolio comprised around 40% of infrastructure funds.
Wireless infrastructure operator Phoenix Tower International is being moved into a continuation vehicle, Secondaries Investor understands.
Standards regimes can encourage box-ticking at the expense of more detailed analysis, according to the secondaries firm's ESG & sustainability head.
The investment manager has raised $235m for a global real assets fund, 10% of which will be invested via secondaries.
A significant portion of the capital is part of an expanded secondaries-focused mandate with Canadian pension fund CDPQ.
Infrastructure Partners II is targeting $1.5bn, more than treble the amount raised for Landmark's first infrastructure secondaries programme.