Sun Life has committed $150 million in seed capital to the vehicle, which invests globally across infrastructure funds, secondaries, and co-investments.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
Openstone Infraworld will initially target four funds managed by Macquarie, Partners Group, and Ares, including strategies focused on infrastructure secondaries.
The interval fund joins a lineup of vehicles managed by Neuberger, StepStone, and Nuveen across private credit, multi-asset, real estate, and venture strategies.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The recently registered interval fund, sub-advised by GCM Grosvenor, will target real asset investments through secondary, primary, co-investment, and listed transactions.
He brings almost a decade of experience at Partners Group, investing across private real estate, including secondaries.
We highlight the key features of the Cliffwater-managed interval fund, which will target capital-intensive private real assets through secondary, primary, and direct investments.
The semi-liquid structures, which span credit and infrastructure strategies, target investment opportunities through secondaries.
Hamilton Lane Private Infrastructure Fund had a ~50% allocation to secondaries as of Q3, according to SecondaryLink's Evergreen Screener.
