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LPLink's Weekly Fundraise Report: 1. National Investment and Infrastructure Fund (NIIF) seeks $4 billion for its largest-ever infrastructure fund. The new fund, which is backed by Abu Dhabi Investment Authority (ADIA), AustralianSuper, Temasek, and other major investors, will focus on upgrading infrastructure across India. https://lnkd.in/eGBC4Btt 2. Robin Doumar's Park Square Capital has raised €3.4 billion (approximately $3.8 billion) for its new direct-lending vehicle, European Loan Partners II. The fund, which received funding from a joint venture with Sumitomo Mitsui Banking Corporation – SMBC Group, will lend to private equity-owned mid-market businesses across Europe. https://lnkd.in/eNv-QexA 3. Angel Fierro and Rory F Meyers Jr's Aiga Capital Partners closes $240 million in its climate infrastructure fund. The closed fund, which received investment from pension funds, family offices, and foundations, will focus on accelerating the development of sustainable infrastructure across North America. https://lnkd.in/e9xeaQmC 4. Matthias Reicherter, Bernd Schumacher, and Thilo Tecklenburg's Golding Capital Partners has raised more than €210 million (approximately $231 million) in the first closing for its third infrastructure co-investment fund, Golding Infrastructure Co-Investment 2023. The fund, which saw participation from insurance companies, pension schemes, and savings banks, will focus on sectors linked to long-term megatrends like electromobility and renewable energy. https://lnkd.in/epqun6W4

Infrastructure investing looks towards #privatewealth: Hamilton Lane launches two new evergreen funds, offering expanded access to private market infrastructure investments. The funds are total return strategies and will focus on core plus and value add infrastructure assets. Read more from Realfin, the global real assets data and intelligence specialist: https://lnkd.in/ebwgE3mH #privatemarkets #privatecapital #UHNW #familyoffices #infrastructureinvesting #coreplus #infrafunds #privatefunds

Infrastructure Investments: A $1tn Asset Class with Growing Competition and Challenges Once an investment backwater, infrastructure has transformed into a $1tn asset class, attracting pension funds seeking yield and protection against market volatility. The success of early movers like Stonepeak and Global Infrastructure Partners (GIP) has prompted asset managers like BlackRock, CVC, and General Atlantic to enter the space. However, increased competition and rising interest rates have made windfalls harder to achieve, pushing big players to widen their definition of infrastructure. As asset prices and interest rates rise, returns are expected to be lower, making it harder to do deals with a lot of capital chasing after investments. The diversification into areas previously dominated by private equity and real estate trusts, such as fiber networks, cellular towers, and data centers, could bring more challenges. The sharp rise in interest rates is also putting pressure on many deals done in 2020 and 2021.

H.I.G. Capital Closes $1.3 Billion Infrastructure Fund Learn more & get our take 👇 https://lnkd.in/ga6_iyQM "We greatly appreciate the strong support from our investors for our Infrastructure strategy. Their confidence in our investment approach to infrastructure underscores the power of the Firm’s platform and our ability to generate strong returns through value creation in the underserved middle market." — Sami Mnaymneh and Tony Tamer, Co-Founders at H.I.G "The Fund is well-positioned to capitalize on opportunities in the less efficient middle market. H.I.G.’s unique platform provides us with a demonstrated, differentiated sourcing model and a deep pool of resources focused on operational value creation." — Andrew Liau and Ed Pallesen, Co-Heads at H.I.G. Infrastructure "We are pleased with the strong backing by many of H.I.G.’s long-standing platform investors for the Fund, as well as by many new investors from around the world." — Jordan Peer Griffin, Executive Managing Director at H.I.G #capital #infrastructure #SoFNews

For this month's cover story, Infrastructure Investor's Anne-Louise Stranne Petersen and Zak Bentley spoke to #infrastructure GPs, LPs and placement agents to find out what is driving the increase in #coinvestment seen in the past 18-24 months. While the main driver from an LP perspective has always been lower fees, it isn't the only factor. Read the story below for insights from: Cube Infrastructure Managers' Renaud de Matharel, Astrid Advisors' Louisa Yeoman, Alaska Permanent Fund Corporation's Ross Alexander, CAIA, New Jersey Division of Investment's Niraj Agarwal, CFA, Brookfield's Rene Lubianski, InfraRed Capital Partners Ltd's Michael Straka, MORRISON's Vincent Gerritsen, Palladio Partners's Anna Baumbach, Infracapital's Peter Mitchev, NextEnergy Capital's Aldo Beolchini, StepStone Group's Todd L. And a conversation with Ropes & Gray LLP's Chris Townsend on #clubdeals. https://lnkd.in/dPDVSNDx

🚨 Trend Alert: PE turning to UHNW individuals for capital needs Private equity is increasingly diversifying its investor base, moving beyond traditional institutional sources like pensions, insurers, and endowments to tap into ultra-high-net-worth individuals. Stonepeak's launch of the Stonepeak-Plus Infrastructure Fund, specifically designed for UHNW investors, is a prime example of this. The fund targets sectors such as transportation logistics, digital infrastructure, and energy. Unlike conventional infrastructure funds, it does not anticipate setting a fixed timeline for asset exits, offering greater flexibility. This initiative highlights the industry's growing focus on expanding access to infrastructure investments for private wealth clients. https://lnkd.in/gqW9GrvY. #privateequity #fundraising #capital

Stonepeak closes Opportunities Fund with $3.15 billion of commitments - Stonepeak has announced the final close of its Opportunities Fund with total commitments of $3.15 billion. - The Fund was significantly oversubscribed beyond its original target of $2.5 billion. - It focuses on core-plus and value-add opportunities in the middle-market infrastructure sector. - Key investment areas include communications, transport and logistics, and energy and energy transition assets in North America and Europe. - The Fund has already committed over 40% of its capital to six investments. - Co-President Jack Howell emphasized the importance of a nimble approach to sourcing high-quality mid-market investments. - Senior Managing Director Nikolaus Woloszczuk highlighted the strong support from investors as a testament to the firm's expertise and capabilities. - Stonepeak manages approximately $71.2 billion in assets and aims to create value for investors through defensive, hard-asset investments. - The firm provides capital and operational support to its portfolio companies across various sectors. https://lnkd.in/gvfQFUZW

AXA IM Prime has just announced a €430m first close on their inaugural secondaries infrastructure fund. With a focus primarily on mature European markets and North America, the fund aims to unlock potential in a diverse pool of assets, ranging from renewable energy to digital infrastructure. The fund has a target of €1 billion, targeting LP and GP-led secondaries with an initial focus on the latter, as well as specific co-investment opportunities. There is an increasing number of funds interested in Infrastructure secondaries, one of the fastest-growing sub-segments within the sector. Secondaries offer a range of benefits beyond just providing liquidity. They help GPs manage cash for investors, invest in growing companies, and find ways to extend their investments. We anticipate that we will see a growing number of investors entering the secondaries space in the near future.

Where are the opportunities in global infrastructure equities? Co-founder and managing director of the Maple-Brown Abbott Global Listed Infrastructure strategy, Andrew Maple-Brown spoke with Kate Burgess from Capital Brief on which infrastructure sub-sectors he focuses on, what the opportunities are in listed infrastructure, and why many infrastructure companies have been taken private in Australia. Read more in this Capital Brief article: https://lnkd.in/gQfcyE_m #infrastructure #listedequities #outlook

Get to know the future leaders of private infrastructure with this year’s Rising Stars list. Each individual was hand-picked based on a diverse range of career achievements across dealmaking, fundraising, asset management and relationship-building. Discover the full list here: https://okt.to/bMTgX9 Learn more about the evolution of the asset class and where investors see the greatest opportunities and challenges in the months and years ahead in the full Future of Infrastructure special report, found here: https://okt.to/GxgSad #futureleaders #IIRisingStars #infrastructure #privatemarkets #InfrastructureInvesting