Pantheon Infrastructure is seeking to raise £250m (€295m) by issuing shares at 100p each with a plan to deploy the proceeds within six months.
The global infrastructure fund which floated on the London Stock Exchange in November last year, said it had so far completed the acquisition of eight investments worth £256m in total, with an additional investment committed of £41m, with legal closing subject to regulatory clearances.
Pantheon Infrastructure has one further investment, a European fibre asset, in legal closing for a total investment consideration of £46m.
Vagn Sørensen, chairman of Pantheon Infrastructure, said: “We are delighted with the portfolio that has been assembled for the company to date, comprising a diversified array of infrastructure businesses across sub-sectors and geographies. Investment in infrastructure remains critical to revitalise regional economies, improve access to opportunities for all in society and support the transition to net zero.
“Given the supportive infrastructure investment environment and attractiveness of the opportunity set, we are pleased to launch a new capital raise.”
Richard Sem, partner at Pantheon, Pantheon Infrastructure’s investment manager, said: “The volume and quality of infrastructure investment opportunities that we are reviewing at Pantheon continue to grow, allowing us to choose attractive transactions that we anticipate will provide the best risk-adjusted returns for Pantheon Infrastructure.
”The defensive characteristics of core infrastructure, typically including long-term contracts, inflation protection and stable cash-flow generation makes these investments especially attractive in the current uncertain environment”.
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