Landmark Partners has closed its second commingled infrastructure secondary fund at $915 million. Landmark Infrastructure Partners II’s limited partners include public pensions, corporate pensions, insurance companies, asset managers, foundations and financial institutions. The fund-closing brings Landmark’s total committed capital to about $28.8 billion, according to the firm.
Boston, Dallas, Hong Kong, London, New York, and Simsbury, Connecticut – Landmark Partners, a leading investor in the private equity, real estate and infrastructure secondary market, today announced that Landmark Infrastructure Partners II (“LIP II or “the Fund”) held its final close on April 30, 2021, with commitments of US$915 million.
LIP II is Landmark’s first dedicated commingled fund specializing in infrastructure secondaries and continues Landmark’s strategy of acquiring interests in existing funds, partnerships, and other structured entities invested in underlying infrastructure globally.
The final close of LIP II brings Landmark’s total committed capital to approximately US$28.8 billion, cumulative since inception.
Since launching LIP II, Landmark has completed in excess of US$1 billion of infrastructure secondary transactions among its fund’s and co-investment accounts. LIP II will seek to leverage sourcing and informational synergies across the broader Landmark platform and has already invested in six secondary transactions and committed 51% of its capital.
“Our dedicated team, coupled with commitments from strategic investors globally, positions Landmark as a leader in the infrastructure secondary market,” said Francisco L. Borges, Chairman and Managing Partner. “LIP II is more than 50% deployed and has an active and diverse pipeline. We expect the opportunity set will continue to expand and estimate that infrastructure secondary transaction volume will exceed US$6 billion in 2021.”
“We thank our existing investors for their continued support and are grateful for the strong partnerships we have built with new investors,” said Timothy L. Haviland, President and Managing Partner. “Our growing investor base demonstrates a shared confidence in our investment strategy.”
The Fund received the backing of public pensions, corporate pensions, insurance companies, asset managers, foundations, and financial institutions.
Past performance is not indicative of future results. There can be no assurance that historical trends will continue.
This does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any Fund.
About Landmark Partners
Landmark Partners specializes in secondary market transactions of private equity, real estate and infrastructure investments, with approximately US$28.8 billion of committed capital as of April 30, 2021. Founded in 1989, the firm has one of the longest track records in the industry and is a leading source of liquidity to owners of interests in infrastructure, real asset, venture, mezzanine and buyout limited partnerships. Landmark has completed over 700 transactions in its 30-year history and acquired over 2,430 partnership interests, managed by over 835 general partners, as of December 31, 2020. Landmark Partners has more than 145 professionals across six offices in Boston, Dallas, Hong Kong, London, New York and Simsbury, Connecticut. www.landmarkpartners.com