infrastructure

The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.

Allianz Global Diversified Infrastructure Equity Fund will pursue primary fund commitments, secondaries transactions and co-investments globally.

The Spanish fund of funds manager beat the target of its debut Arcano Earth Fund, which is already almost 90% deployed.

The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.

Kempen Capital Management’s director, private markets, Marvin de Jong, warns that the covid-19 crisis is not a re-run of 2008.

Stafford expects infrastructure secondaries deal volume to almost double by 2025 to $10bn.

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

Private equity volumes dropped by 58.5% and real estate by 53.4%, with infrastructure showing resilience, according to Setter Capital.

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.