Igneo Infrastructure Partners has opened its ANZ Private Infrastructure Fund to non-institutional investors for the first time. The firm believes private wealth could eventually comprise up to 20% of the open-end fund's capital. This move marks a significant shift in access to unlisted infrastructure for individual investors.

According to the Infrastructure Investor report, the ANZ fund is the first time Igneo is offering its unlisted infrastructure funds to a broader investor base. The firm views this as a strategic expansion of its capital sources.

The fund targets core infrastructure assets in Australia and New Zealand. Igneo's decision reflects a growing trend of alternative asset managers tapping into retail and high-net-worth demand for private market exposure.

While the exact timeline for reaching the 20% target is unclear, the initiative underscores the increasing importance of private wealth in infrastructure fundraising. Other firms like KKR and EQT have also raised substantial capital recently.