Pantheon Ventures UK is planning to raise £300m (€349m) on the London Stock Exchange for a new company that will invest in infrastructure assets globally.
The investment manager intends to launch an initial public offering (IPO) for Pantheon Infrastructure (PINT) by offering shares at 100 pence each with a plan to list the shares on the exchange in mid-November.
The investment trust will acquire equity or equity-related investments in private infrastructure assets alongside leading sponsors and institutional investors.
Pantheon said it has a pipeline of co-investment opportunities in active diligence of over £1bn and intends to assemble a diversified portfolio of 8 to 12 assets within 9 to 12 months of the IPO.
Vagn Sørensen, chairman of Pantheon Infrastructure, said: “Pantheon has a proven track record of delivering strong returns by applying a disciplined investment process across a globally diversified portfolio and we are confident that their approach, which focuses on co-investing, thus minimising fees while maximising the number of investment opportunities it can access, offers a compelling and differentiated opportunity for investors.”
Richard Sem, partner at Pantheon Ventures, said: “There is a growing and substantial requirement for investment in a number of different infrastructure sectors globally, where private capital is playing an increasingly important role in adapting to key global trends such as the transition to a low-carbon economy.
“Pantheon has a strong track record built over more than a decade derived from identifying compelling opportunities, in conjunction with leading investment partners, and supporting the growth and development of infrastructure companies in a diverse range of sectors.
”The strategy is expected to deliver a robust income stream and capital growth from creating value in the underlying portfolio companies.”
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