Antin Infrastructure Partners has achieved a €1.2bn fundraising target for its debut next-generation infrastructure.
The manager said the NextGen fund received capital commitments from Europe, North America, Asia and the Middle East, including both long-time existing Antin supporters and new investors.
NextGen has already made five investments comprising investing in electric vehicle charging platforms Powerdot and RAW Charging, committing to smart grid platforms SNRG and PearlX and investing in a tyre recycling joint venture with Enviro and Michelin.
The NextGen fund is Antin’s third investment strategy, complementing its existing flagship and mid-cap investment platforms, the manager said.
Alain Rauscher, Antin’s chairman and CEO, said: “Our NextGen fund opens an important chapter in Antin’s history of pioneering new infrastructure segments. With the world entering a period of significant transformation powered by emerging technologies and changing societal priorities, it is clear that these forces are already having a profound and lasting impact on tomorrow’s infrastructure landscape.”
“We see a highly attractive and actionable opportunity for Antin to be an early leader in this area and help shape the next generation of sustainable and connected infrastructure.”
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