In the Press
September 20, 2023

Infrastructure Secondaries Jump as Strong Pricing Unlocks Transactions (FundFire)

Infrastructure secondaries are bucking the slower pace of other private fund segments as investors move to re-balance portfolios. The infrastructure secondary market has picked up steam this year as investors are jumping at better prices to strategically offload assets and help rebalance portfolios. Complementing the rise of infrastructure segment activity is an increase in the number funds buying into secondaries deals, including new vehicles from Macquarie, Ares Management, Hamilton Lane, Goldman Sachs and BlackRock –all of which are bringing more capital in, said Krishna Skandakumar, partner in the Private Investments Funds group, to FundFire. As more capital pours into the space, deal targets have begun to change as well. For instance, single-asset deals have become more popular over the last few years, Skandakumar said.