The Brookfield Infrastructure Income Fund has acquired a 20% stake in the Federated Hermes Diversified Infrastructure Fund (FHDIF) in a secondary market transaction.
According to Companies House filing in the UK, the Brookfield fund bought Santander CF Trustee and Fundacion Anesvad’s interests in FHDIF in the latter part of October.
As of the end of September this year, the Brookfield fund, which is aimed at wealthy individuals, had made 23 investments valued at $2.8bn (€2.6bn).
FHDIF was established in 2023 with a single, diversified core/core-plus strategy. The fund was initially seeded with seven investments in diverse infrastructure companies across the UK and Europe, providing the fund with associated board positions and governance rights.
IPE Real Asset understands that FHDIF holds £1.4bn (€1.7bn) worth of assets.
Federated Hermes said it launched the liquidity offering in May 2024, supported by Campbell Lutyens. The transaction was concluded in October 2024, with “one of the largest global infrastructure investors” acquiring the stake in the fund. No further details were provided.
Tom Bolton, MD at Federated Hermes Infrastructure, said: “Establishing FHDIF in 2023 represented an important milestone for the Federated Hermes Infrastructure franchise, with the creation of an attractive portfolio of businesses under a modified structure designed to satisfy the current and future needs of our clients.
“Successful completion of this secondary transaction delivers on commitments made to our investors that investing in FHDIF would enhance the liquidity options of those who require it and allows us to welcome a new investor with significant global infrastructure experience, representing a strong endorsement of our team’s investment strategy and track record.”
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