Specialist port investor hires deal sourcer(3)

London-based The Port Fund has appointed Jonny Kaniak to source Latin American deals and raise funds in the Brazilian market. The firm is set to launch initial fundraising in November.

Niche infrastructure fund The Port Fund has made an addition to its senior management team, as it readies itself to commence its fundraising campaign in November.

Jonny Kaniak has been appointed as principal and founding partner of the London-based fund. His responsibilities will include sourcing and evaluating potential deals in Latin America, in addition to assisting with the launch of the fund. He will lead the fund’s Brazilian fundraising campaign.

Kaniak has over 30 years’ experience as a port developer, investor and consultant in Brazil, having worked in both the private and public sectors. He has been involved in the sale of port terminals with a combined value of around $350 million, according to The Port Fund. Kaniak will be based in Brazil.

The Port Fund has a focus on port equity investments, particularly in emerging markets. The fund is set to commence its initial fundraising in November, targeting the Greek ship-owners market.

It will then launch a wider fundraising campaign, focusing on the European and Latin American institutional markets, early next year, a spokesperson for the firm told Infrastructure Investor. The fund’s fundraising target for first close is $300 million. Its total target size is understood to be $500 million.

The fund is being advised by Norton Rose and PwC.