Pantheon secured regulatory approval in Luxembourg to launch its evergreen Pantheon Global Infrastructure Secondaries Fund. The vehicle targets private‑wealth clients seeking exposure to infrastructure assets through the secondary market, promising capital appreciation, yield and lower volatility. Partner Jérôme Duthu‑Bengtzon said the fund adds diversification and shorter investment horizons compared with primary infrastructure funds, with a target size of several hundred million euros.

Ardian responded by rolling out an evergreen feeder fund aimed at Australian wholesale investors. The structure channels capital into Ardian’s broader infrastructure secondaries platform, giving local high‑net‑worth individuals access to a market that has attracted growing institutional interest. The feeder aims to raise AU$200 million, while preserving liquidity for investors.

Both launches expand the pool of private‑wealth products that tap the fast‑growing infrastructure secondaries sector, which has seen assets under management climb as investors chase stable cash flows. By offering evergreen formats, Pantheon and Ardian give clients the ability to enter and exit positions without the lock‑up typical of traditional fund structures, aligning with regulators’ liquidity push and sharpening their competitive edge in a crowded market.