Zak Bentley
World’s largest infrastructure investor has hired two executives for the New York-based team and intends eventually to raise third-party capital.
Kathryn Leaf, who will step aside from business development, will still focus on investments.
The 2018-vintage Fund IV is about 75% invested and the firm wants to ‘ensure sufficient capital is available' to keep investing.
In part II of sister title Infrastructure Investor's October Deep Dive, market participants discuss how many attempted continuation funds fail to get past the first hurdle.
Fund continuations in infrastructure are here to stay. How do these trilateral deals work and are they really a ‘win-win-win’ for all involved?
Golding Infrastructure 2018 will invest in around 15 infrastructure funds via primaries and secondaries.
The close comes after a ‘strict and intellectually rigorous process’ to move assets from the group’s first fund, according to chief investment officer Carlo Michelini.
Partners Group Global Infrastructure 2018 is targeting €1bn and has a 60% allocation to primaries and secondaries.
A US fund of funds acquired interests representing 25% of Meridiam's 2006-vintage debut vehicle.
The UK investment manager raised an £845m secondaries fund in 2013 and incorporates the strategy into its growing SMA business.