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Private Wealth Daily
AnalysisSecondariesThe WrapThe Secondary Open

Meridiam closes $4.5bn continuation vehicle for 15 North American assets, AltAssets reports

The North America Core Fund gives existing investors a liquidity option while extending Meridiam’s ownership of transportation and social infrastructure assets.

By The Wrap desk

Correction Correction — October 8, 2026: An earlier version stated that investors rolling into the vehicle would not see individual asset valuations. The cited reporting did not establish what information investors received. We removed that assertion and an insufficiently qualified size ranking, and added direct source links.

At a glance

  1. Existing investors can exit or remain invested, while new investors gain access to an operating portfolio, according to IREI.
  2. The portfolio draws transportation and social infrastructure assets from Meridiam's first two generations of funds.
  3. The transaction extends Meridiam North America II to a 45-year life, approximately matching the average life of its assets, IREI reported.

Meridiam has closed a $4.5 billion vehicle holding 15 North American infrastructure assets, offering earlier fund investors a liquidity option, AltAssets reported.

Existing investors can exit or remain invested, while new investors gain access to an operating portfolio, according to IREI. The portfolio draws transportation and social infrastructure assets from Meridiam's first two generations of funds. IREI reported that demand for the North America Core Fund exceeded $7 billion.

The transaction extends Meridiam North America II to a 45-year life, approximately matching the average life of its assets, IREI reported. Meridiam retains management of the portfolio as investors choose whether to continue their exposure.

Reported by The Wrap desk from AltAssets and Institutional Real Estate, Inc.. Published . Updated Oct 8, 2026 · 12:00 p.m. ET. Corrections

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