The Gresham AIP V Feeder Fund is open for investments. A first close occurred in September 2022, with fundraising continuing in 2023-2024.

• Founded in 2007, and with key offices in Paris, London and New York, Antin Infrastructure Partners (Antin) is a leading Sustainable Infrastructure firm focusing on contemporary infrastructure investments across Europe and North America.
• Antin has raised €30 billion¹ with over 50% of all deals across its prior flagship funds being exited as at 30 June 2023.²
• Sustainability is at the core of Antin’s DNA which targets four (4) key investment thematics of energy and environment, telecommunications, social and transportation.
• Antin undertakes a value-add investment approach looking to generate attractive risk-adjusted returns whilst incorporating a highly disciplined investment approach.
• Antin has developed a highly impressive track record over a circa 14 year period across its prior flagship funds which have delivered a realised gross multiple of 2.7x and a realised gross IRR of 23% as at 30 June 2023.³
• Antin Infrastructure Partners Fund V will follow this established investment strategy and process and Gresham has partnered with Antin to establish a Feeder Fund for local wholesale investors to obtain an efficient access point to the Antin Infrastructure Partners Fund V opportunity.
• The Feeder Fund is open to applications from wholesale clients only and is subject to the detailed information memorandum and fund documentation available on Gresham.iplatforms.com.au.

¹ Source: Antin Infrastructure Partners, ‘Fund V Introductory Presentation’, October 2023. As at June 2023, across all seven funds raised to date. Also includes co-investment capital raised to date as well as capital raised to date in Fund V and NextGen I which remain active in fundraising.
² Source: Antin Infrastructure Partners, ‘Fund V Introductory Presentation’, October 2023.  Across flagship funds: Fund I, Fund II, Fund III and Fund IV. Past performance is not necessarily indicative of future results.
³ Source: Antin Infrastructure Partners, ‘Fund V Introductory Presentation’, October 2022. As at 30 June 2023. Realised across 15 exits to date from flagship funds. Gross IRR and Gross Multiple do not reflect management fees, carried interest, taxes, transaction costs in connection with the disposition of realised investments and other expenses borne or to be borne (or deemed borne) by investors in the Antin prior funds, which will reduce returns and, in the aggregate, are expected to be substantial. Net IRR and Net Multiples reflect management fees, carried interest, taxes (excluding individual investor taxes), transaction costs in connection with the disposition of realised investments and other expenses borne or to be borne (or deemed borne) by investors in the Antin prior funds.

Gresham is partnering with Tekne to offer Australian investors access to a Global Technology Fund in Emerging Markets.

• The current transformation in the Technology, Media and Telecommunications (‘TMT’) sector is seen as the 4th industrial revolution, providing significant opportunities to invest and participate in future growth.
• The performance of US TMT (especially the FAANGS) is well understood and readily accessible to Australian investors through a variety of low cost ETFs.
• The TMT sector outside the US is significant, and its growth is expected to outpace that of the US as sovereign governments invest heavily to build a strong digital economy and technological independence.
• Gresham has identified Tekne and its founder Beeneet Kothari as the manager of choice. Tekne applies the learnings from investing in US TMT stocks over a long period to create a portfolio of TMT equities in other regions.
• Typically, Tekne will hold 8-12 high conviction stocks on a long only basis. The average market capitalisation of a stock in the Tekne portfolio is US$25bn.(1)
• Gresham has established the Gresham Tekne Feeder Fund to invest solely into Tekne’s Long Only Fund, providing Australian investors with an opportunity to access Tekne’s TMT expertise.
• Applications are accepted on a monthly basis via Gresham.iplatforms.com.au, to be received no later than 8 business days before month end. Applications are open to wholesale clients only and are subject to the detailed information memorandum and fund documentation available on Gresham.iplatforms.com.au.

(1) Source: Tekne Management.

• Gresham Property was founded in 2001 and has one of the longest track records in real estate private debt in Australia.
• The Gresham Property team has achieved a successful final close at $760 million of wholesale investor commitments for its latest Fund, the Gresham Property Fund No. 8 (GPF8).
• The GPF8 investment strategy follows the team’s successful prior funds that were focussed on unitranche debt loans funding real estate development transactions.
• Unitranche loans offer borrowers an efficient single step funding solution which replaces the traditional two-stage “senior plus mezzanine” approach to funding and are typically secured by first ranking security.
• GPF8 investors have an exclusive right but no obligation to participate in additional potential co-investment opportunities via a GPF8 “sidecar funding tranche” as well.
• With the support of GPF8 investors, in addition to funding investments through the main Fund, GPF8 has made Sidecar investments for a further $950 million.
• The Gresham Property Fund No.8 is closed for new investments.

StepStone VC Group Secondaries Fund V – Gresham SSF V Feeder Fund

• StepStone is a global private markets firm providing customised investment and advisory solutions to some of the most sophisticated investors in the world.
• With $588 billion of total capital allocations, including $137 billion in assets under management, StepStone’s team of more than 295 professionals cover the spectrum of opportunities in private markets across the globe¹.
• StepStone integrates fund, secondary, direct and co-investments across private equity, infrastructure, private debt and real estate.

• StepStone’s venture capital secondaries platform offers a unique risk adjusted access point to exceptional VC deal flow and an excellent track record across four prior fund vintages.
• Gresham partnered with StepStone to establish a Feeder Fund for local wholesale investors to obtain an efficient access point to the StepStone VC Secondaries Fund V opportunity in 2021.
• The opportunity was strongly supported by a range of leading local wholesale investors including private wealth firms, family offices and high net worth individuals.
• The StepStone VC Secondaries Fund V Feeder Fund is closed for new investments.

¹Source: StepStone Group

Blackstone Real Estate Partners VI L.P

• Gresham was appointed by Blackstone to raise wholesale capital from the Australian institutional market as a part of their global capital raise for the Blackstone Real Estate Partners VI L.P., a 10 + 2 year closed-ended vehicle.
• As a part of this exercise, Gresham established a local Australian Feeder Fund (the Australian Private Equity Real Estate Feeder Fund) to aggregate and facilitate the flow of investor commitments from Australia into the ultimate US entity.
• Gresham successfully led the local capital raising for this product securing commitments from Australian Superannuation Funds as a part of the highly successful global US$10.9 billion capital raise, which at the time, was the largest real estate opportunity Fund ever raised.
• Gresham continues to act as Trustee and Fund Administrator to the local Feeder Fund vehicle.
• The Australian Private Equity Real Estate Feeder Fund is closed for new investments.

Blackstone Green Private Credit Fund III (BGREEN III)

• Gresham was appointed by Blackstone to raise capital from the Australian and New Zealand wholesale investor markets as part of the successful global US$7.1 billion capital raise for the Blackstone Green Private Credit Fund III (BGREEN III), which held its final close in 2023.
• Gresham established a local Australian Feeder Fund (the Blackstone BGREEN Gresham Feeder Fund), to aggregate and facilitate the flow of Australian and New Zealand investor commitments into the ultimate US entity (via a Cayman Islands exempted limited partnership).
• Gresham continues to act as a Trustee to the local Feeder Fund vehicle.
• The Blackstone BGREEN III Gresham Feeder Fund is closed for new investments.