InfraRed Capital Partners is planning new fund launches in Asia. InfraRed - which was rebranded from HSBC Specialist Investments following a management buyout - is in the process of capital raising for its third greenfield infrastructure fund, which had its first $ 580 mln (EUR 409 mln) closing in March 2010. The fund has a target size of around $1 bn.
InfraRed Capital Partners is planning new fund launches in Asia. InfraRed - which was rebranded from HSBC Specialist Investments following a management buyout - is in the process of capital raising for its third greenfield infrastructure fund, which had its first $ 580 mln (EUR 409 mln) closing in March 2010. The fund has a target size of around $1 bn.
'We will probably launch a second Chinese real estate fund as the first fund is almost fully invested,' chief executive Werner von Guionneau told PropertyEU.
Last August, as part of a consortium, InfraRed invested an undisclosed sum in a $1 bn sports hub in Singapore, which will include a 55,000-seat sports stadium and a retail centre, for its InfraRed Infrastructure Fund III. The project is expected to be completed in 2014.
Little else has changed since the buyout, von Guionneau insists. 'We have been very successful at creating and restructuring physical assets, so we don't need to change our investment strategy in light of the buyout,' he told PropertyEU.
As a 'value-added' investor, InfraRed is focusing largely on real estate investment in the UK, Germany and Central and Eastern Europe, Werner said. On the infrastructure front, InfraRed is targeting greenfield infrastructure projects to create new PPP-type assets in markets such as Europe, Singapore and North America, Werner said. InfraRed manages more than $4 bn (EUR 2.8 bn) of equity in funds that invest in real estate and infrastructure assets developed and operated by InfraRed globally.
