Pantheon Infrastructure PLC has announced its intention to launch an initial public offering (IPO) seeking to raise GBP300 million (US$408 million) via a placing, an offer for subscription, and an intermediaries offer of Ordinary Shares at an issue price of GBP1 (US$1.36) per Ordinary Share.  

The fund will target risk-adjusted total returns comprising capital growth and a progressive dividend through making equity and equity-related investments in private infrastructure assets. The focus area is developed markets mainly in Europe and North America. The fund is targeting a NAV Total Return per Share of 8-10% per annum following the full investment of the net initial proceeds.