London Stock Exchange welcomes Pantheon Infrastructure PLC to the Main Market
The London Stock Exchange today welcomes Pantheon Infrastructure PLC, a new investment company that will provide exposure to a global, diversified portfolio of infrastructure assets, to the premium segment of the Main Market, trading under the ticker symbol “PINT”.
PINT’s initial public offering raised gross proceeds of £400 million via a placing, an offer for subscription and an intermediaries offer at an issue price of 100 pence per ordinary share, with demand exceeding both the target issue size and maximum issue size.
Proceeds 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 that provide strong downside protection, including contracted cash flows, inflation linkage, conservative leverage profiles and strong Environmental, Social and Governance credentials. Once fully invested, the Company is targeting NAV total return per share of 8-10% per annum and a dividend yield of 4 pence per Ordinary Share, and thereafter a progressive dividend.
Pantheon Ventures (UK) LLP is the Company’s investment manager. Founded in 1982, Pantheon is a leading global multi-strategy investor in private equity, infrastructure & real assets, private debt and real estate, with total assets under management and advice of $77.1 billion (as of 30 June 2021). Pantheon is one of the largest managers investing in infrastructure globally, having launched a dedicated platform in 2009 with $16.6 billion under management and advice (as of 30 June 2021).