Pantheon breezes past IPO goal for infra business with £400m raise

Global alternatives major Pantheon has beaten its target for its IPO of investment trust Pantheon Infrastructure by raising £400m through the process.

Pantheon had hoped to bring in £300m through the listing, but saw demand exceed both its target and maximum issue size. The company has listed on the London Stock Exchange’s main market under the PINT ticker.

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It said the proceeds, which were raised from institutional and retail investors, will be used to invest in a portfolio of yielding and growth infrastructure assets in developed markets, with a focus on Europe and North America.

Target assets will typically be operational companies in infrastructure sectors benefitting from secular growth trends, and will span digital infrastructure, renewables, power and utilities, and transport and logistics.

Vagn Sørensen, chairman of Pantheon Infrastructure, said, “The importance of investing in sustainable new infrastructure has never been more apparent and we are delighted with the depth of interest that PINT has received.

“We thank investors for their support and look forward to updating you on the deployment of the IPO proceeds.”

Richard Sem, partner at Pantheon Ventures, added, “Private capital has an important role in adapting and creating the infrastructure that we require for a sustainable future, and I’m delighted that PINT has enabled public market investors to access these opportunities.

“Through our network, the Pantheon platform benefits from favourable access to a high volume of quality assets, with downside protected cash flows, strong ESG credentials, and positive exposure to secular changes in society.”

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Source: https://www.altassets.net/market-news/firm-news/pantheon-breezes-past-ipo-goal-for-infra-business-with-400m-raise.html