The private markets investor Pantheon has expanded its product offering with the launch of a fund investing in the infrastructure secondaries market.

Domiciled in Luxembourg, the Pantheon Global Infrastructure Secondaries (PGIS) fund aims to comprise a high conviction portfolio and will be managed by the group’s institutional infrastructure arm.

“The new fund will aim to combine the benefits of infrastructure investments, including the potential for capital appreciation, yield, lower volatility, and portfolio diversification, with the added advantages of secondaries, which can offer greater risk mitigation, diversification, shorter investment durations, and more immediate distributions compared to traditional infrastructure investments,” said Jérôme Duthu-Bengtzon, partner and portfolio manager of PGIS.

“As true infrastructure investors-not generalists-we’re scaling with precision to power the future of global infrastructure secondaries,” added Andrea Echberg, global head of infrastructure. “Delivering this expertise to the private wealth market is the next step in our firm’s evolution.

“We are an infrastructure-first, secondaries investor, with 35 specialists managing one of the world’s largest dedicated platforms. We combine asset-level expertise with valuation discipline, focusing on digital, renewable, and next-generation infrastructure.”

Across four funds, Pantheon manages $26.9bn in total discretionary assets under management in infrastructure globally.

This article first appeared in our sister publication, Portfolio Adviser.