co-investment

The manager is almost halfway to its €450m target, having raised €336m for its first infrastructure co-investment vehicle in late 2018.

There’s a growing desire among infra LPs to seek co-investment opportunities but execution challenges remain

BCI, HSBC Asset Management and Mark Weisdorf Associates talk about what it takes to build and run effective direct and co-investment programmes and how they are faring amid covid-19.

The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.

CalSTRS’ $500m commitment to IFM Investors was 2012’s largest allocation to an infra vehicle and offered a taste of the fundraising heights to come. 

Median co-investment returns have plummeted from a high of 56% in 2003, according to data from CEPRES.

Country’s institutions expect GPs to customise their communications when seeking investors’ business and capital.

European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.

The fund will invest $70m immediately in the company’s existing portfolio of six metropolitan data centres, with a further $45m available for future co-investments.