Zak Bentley
The close comes after a โstrict and intellectually rigorous processโ to move assets from the groupโs first fund, according to chief investment officer Carlo Michelini.
Partners Group Global Infrastructure 2018 is targeting โฌ1bn 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 ยฃ845m secondaries fund in 2013 and incorporates the strategy into its growing SMA business.
Secondaries and primaries funds can be allocated up 60% of the firm's latest Global Infrastructure programme.
The group secured over โฌ1.7bn from the 11 main investors in its first vehicle, including Ardian, and seeded its latest vehicle with assets from its maiden fund.
The investment firm will retain either an asset management or advisory role at each of the companies and projects in the eight-strong European portfolio.
The deal involves five European renewable and concession-based assets from the infrastructure manager's first fund.
The UKโsย Pensions Infrastructure Platformย has acquired a portfolio of stakes in 10 projects across roads, waste facilities, hospitals and social infrastructure.
The global investment firm's latest vehicle in the strategy will focus on secondaries and co-investments.










