Altamar Capital Partners has launched its second infrastructure fund following the success of its predecessor.
Altamar Infrastructure Income II FCR is a fund of funds that enables Altamar clients to invest in the best infrastructure funds worldwide as well as investing directly in protected assets, explains Altamar.
The strategy is the second fund that Altamar launches within this asset class, after having invested almost 90% of the predecessor fund, the Altamar Infrastructure Income FCR. It closed after reaching €356m while the target size of the new fund is between €300m and €400m.
The fund's investment philosophy is based on the preservation of capital, focusing mainly on assets in operation, OECD geographies (mainly Europe and North America) and with an operational focus as the main value creation lever. Its portfolio combines 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.
"This type of asset has great potential and with Altamar Infrastructure Income II we want to 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, the firm comments.