Altamar launches a new infrastructure fund: Altamar Infrastructure Income II FCR
ALTAMAR CAPITAL PARTNERS has registered a new fund called Altamar Infrastructure Income II FCR that will offer its clients the possibility of investing in the best infrastructure funds in the world, as well as the opportunity to participate in direct investments in protected assets. It is the second fund that ALTAMAR launches within this asset class, after having successfully invested almost 90% of Altamar Infrastructure Income FCR, the predecessor fund, which closed at a size of €356 million, exceeding the initial target size and presenting excellent results to date.
Altamar Infrastructure Income II maintains an investment policy like that of fund I: investment philosophy based on the preservation of capital, with a focus mainly on assets in operation, OECD geographies (mainly Europe and North America) and with an operational focus as the main value creation lever. The portfolio will consist of a combination of investment in primary funds (minimum of 60% of the fund’s size), co-investment and secondary deals (up to a maximum of 40% of the fund’s size), during an investment period of 3-4 years, targeting a final portfolio comprised of 160-180 underlying investments. The target size of this fund will be in the range of 300/400 million Euros.
The infrastructure sector continues to grow, with high investment needs worldwide. Private capital is playing a leading role in this growth, since the public sector does not have the capacity to absorb these existing investment needs. “This type of asset has great potential and with Altamar Infrastructure Income II we want to once again offer investors the ability to access a portfolio of investments with a very attractive risk return profile, so that they can reap the magnificent results is getting the previous fund” commented Ignacio Antoñanzas, Managing Partner and Founding Partner of ALTAMAR INFRAESTRUCTURAS.
The success of the inflow of private capital into infrastructures derives from the stability in cash flows, which together with protection against inflation and recurrent cash generation (annual yield), offers very attractive and consistent returns and an ideal fit in the construction of an investment portfolio.