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The world's largest infrastructure manager has hired two executives for the New York-based team and intends eventually to raise third-party capital.
At the close of last year, newly formed Hexagon Renewable Energy, managed by Belgian infrastructure manager TTR Energy, acquired a portfolio of 19 French wind projects. The acquisition was backed by a group of large institutional investors led by Crédit Mutuel Capital Privé, the private investment arm of a €930 billion French retail bank. Elm […]
wind power
A recent GP-led secondaries deal involving an evergreen structure represents a novel way for infra investors to hold on to assets. The question is whether such transactions can scale.
A number of investors are already rumoured to be preparing to shed parts of their portfolios and the market could reach $10bn by 2023.
The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.
Kempen Capital Management’s director, private markets, Marvin de Jong, warns that the covid-19 crisis is not a re-run of 2008.
This year’s health crisis has made single-asset transactions more appealing for a host of reasons.
The portfolio acquired from a sovereign wealth fund is probably the largest-ever infrastructure sale, said Blackstone COO Jon Gray.
pumpkin pie
GP-led processes were used to isolate top performing assets during the bull market, so why not the opposite now?
GP stake sales
Infra managers have long been in demand for the funds they manage; now, third-party investors also want a slice of the GP pie.

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