Fundraising

The fund, which will be managed by Allianz Capital Partners, will invest in infra funds directly, via secondaries as well as in co-investments.

Headlands Capital was founded by former Paul Capital managing partner David Park and Hoover Investment Management executive David Cost.

Fundraising for specialised vehicles including its fifth secondaries programme helped drive revenue in the quarter to June, according to the firm's latest results.

The placement agent and secondaries advisor has made two hires in its New York office who will work on secondaries and fund placement.

The portfolio acquired from a sovereign wealth fund is probably the largest-ever infrastructure sale, said Blackstone COO Jon Gray.

With $3.75bn in hand, Blackstone’s Strategic Partners is targeting stable assets in a range of sectors from a year to 10 years of age.

In 2017, CEO Hans Swildens said Industry Ventures' funds would only exceed $500m if there was 'a massive downmarket correction'.

Hong Kong-based CLSA is seeking up to $100m from the likes of HNWIs and wealth managers to build a portfolio of pre-IPO tech unicorns, Secondaries Investor understands.

The close of Strategic Partners' latest real estate secondaries fund has led Secondaries Investor to revise its fundraising figures.

Strategic Partners Real Estate VII has raised $600m more than its predecessor and is looking at a strong pipeline of GP-led deals.