P-BUILD will expand offerings to the US private wealth segment in a registered interval fund structure, becoming the latest addition to the firm's global evergreen platform.
Openstone Infraworld will initially target four funds managed by Macquarie, Partners Group, and Ares, including strategies focused on infrastructure secondaries.
The evergreen fund targets the energy, digital infrastructure, and transport sectors mainly through direct deals, complemented by secondaries and co-investments.
Pantheon Global Infrastructure Secondaries Fund will target global opportunities across digital infrastructure, power and utilities, renewables, transport, and social infrastructure.
Sun Life has committed $150 million in seed capital to the vehicle, which invests globally across infrastructure funds, secondaries, and co-investments.
The recently registered interval fund, sub-advised by GCM Grosvenor, will target real asset investments through secondary, primary, co-investment, and listed transactions.
He brings almost a decade of experience at Partners Group, investing across private real estate, including secondaries.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Partners Group Private Equity Fund capped the requests at 5% of NAV, repurchasing ~$760 million of the shares through promissory notes.
The evergreen vehicle provides exposure to KKR's infrastructure platform through direct, secondary, and primary investments.
