IMM Investment noted on the 20th that it had attracted Hamilton Lane as a limited partner (LP) in its infrastructure investment fund in March.
The transaction was conducted in a secondary deal format, where Hamilton Lane's fund acquires equity from the existing LP of the IMM Private Equity No. 8 Fund (IMM Infrastructure No. 8 Fund). The buyer can secure stability by investing in a fund that has completed its investments, according to IMM.
The IMM Infrastructure No. 8 Fund is an infrastructure investment fund that offers opportunities to invest in the energy, mobility, digital infrastructure, and institutional sector. It was established in 2020 with a size of 200 billion won.
IMM Investment established a Singapore subsidiary in 2023. Through this subsidiary, it has been fostering overseas bases to attract global investors and expand strategic partnerships.
Baek Jin-heum, representative of the IMM Investment Singapore subsidiary, said, “This transaction will help IMM Investment systematically operate and expand its infrastructure assets.”
Brent Burnett, representative of Hamilton Lane Infrastructure and Real Assets, said, “The infrastructure secondary market is expected to expand due to the increase in secondary demand and the growth of global assets under management (AUM).”