This week New York Green Point Partnersa private real-asset investment firm, announced the successful closing of its first real-asset technology fund at $134 million in investor commitments, as well as the platform’s first investment, in a UK last mile logistics Infinium Logistics.
Green Point’s Technology fund Invest in high-growth companies that underpin the digital transformation of trillion-dollar real-asset industries: real estate, infrastructure, energy and Agriculture. GreenPoint has partnered with several real estate asset investors, operators and developers who collectively own and manage more than 500 billion dollars of real assets in the world, with an additional $125 billion development pipeline. Several limited partners have allocated additional equity to pursue co-investment opportunities alongside the fund, bringing its total investable capital to approximately $200 million.
Initial investors in the fund include Canadian companies Public Sector Pension Investment Board (PSP Investments), Goodman Group, Ivanhoe CambridgeLendlease, Greystar, Berkshire Residential Investments, Charter Hall, Kloof Capital, Gandel Group, and the George Krupp Family Office.
“As a long-term global, multi-sector real estate investor, we are focused on the implications of technological change for our portfolio and our investment strategy,” said Stephane jalbertgeneral manager, head of Asia Pacific and Europe, Real Estate Investments at PSP Investments, a Canadian retirement investment manager with CAD 204.5 billion in assets. “PSP Investments is pleased to support GreenPoint as lead investor in its Tech Fund. GreenPoint brings together a unique perspective on the disparate worlds of technology and real estate, enabling us to leverage this information and access innovative technology solutions.
“By investing in GreenPoint’s Technology Fund, alongside other leaders in the real estate sector, Ivanhoé Cambridge strengthens its partnership strategy, maximizes value creation and promotes market information transfer,” said Sylvain FortierDirector of Investments and Innovation at Ivanhoé Cambridge. “This investment will allow us to remain top-notch investors and owners, participate in accelerating the digitalization of the real estate sector, access and implement an innovative PropTech solution in our portfolio to ultimately generate growth sustainable.”
The inaugural investment of the private equity strategy is in Infinium Logistics, a European last mile logistics platform at the forefront of decarbonisation, advanced fulfillment, delivery and parking solutions. GreenPoint’s investment combines growth capital for Infinium’s operating platform and financing to acquire strategic last-mile logistics assets across Europe. Infinium currently operates approximately 30 sites across Europe and is targeting a £500m portfolio of assets held across Europe with a complete electrification infrastructure.
GreenPoint has partnered with GCM Grosvenor on behalf of two major US public pension plans, as well as Kloof Capital and affiliates on Infinium Investment.
“The growing ubiquity of technology and ESG trends is pushing the digitalization of real assets and technology adoption to catch up with other industries,” said the founder and CEO of GreenPoint. chris green mentioned. “While the opportunities of this transition are vast, the lack of knowledge and the lack of integration make it a difficult process. We believe the winners of this transition will be digital and sustainability conscious owners/developers of real assets, as well as technology companies that can effectively deliver the required solutions. We are excited to announce these firm milestones as we continue to build the ecosystem that can facilitate success for both real assets and technology participants.
To date, GreenPoint has invested in 16 market-leading companies, including Embedded Technologies, OpenSpace, Envizi, ility, Fetch Package, Snapdocs and Relay payments. The company will continue to explore complementary investment opportunities in technology and real assets.