Cerestra Advisors is planning to launch $400 million infrastructure investment trust (InvIT) to monetise assets under management by 2021-2022.
The firm currently operates two funds, Cerestra Edu Infra Fund and Cerestra Special Situations Fund, with combined equity totaling $150 million.
The firm has additional $100 million worth of acquisitions in the pipeline that are expected to be closed by March 2021.
Cerestra has also entered into a joint venture with AnaCap Financial Partners (AnaCap), a specialised mid-market private equity investor to acquire educational institutions.
The firm has acquired three K-12 school and student housing assets from the Jain Group of Institutions (JGI Group).
AnaCap has raised EUR 5.1 billion in gross assets under management (AUM) and completed over 85 primary investments across 15 European jurisdictions and India since 2015.
