Antin Infrastructure Partners has raised €6.5bn for its fourth infrastructure fund, marking the manager’s largest capital raise to date.
The amount raised for Fund IV at close exceeded the fund’s original €5.5bn target and follows a €3.6bn fundraise in December 2016 for the predecessor fund.
Antin said Fund IV is backed by a diverse group of more than 140 investors from around the globe. Over half of the fund’s capital came from existing relationships.
The manager said the fund will invest in infrastructure businesses with growth potential across Europe and North America, focusing on opportunities in the energy and environment, telecom, transport and social sectors.
Alain Rauscher, CEO and managing partner of Antin Infrastructure Partners, said: “Completing an oversubscribed fundraise in the current market is another clear indication of the importance of infrastructure as an asset class and a strong vote of confidence in Antin’s capacity to create long-term value.
“We expect infrastructure investments to play a vital role in the recovery plans that are being put in place across Europe and North America.”
Mark Crosbie, managing partner of Antin Infrastructure Partners, said: “The resilience of Antin’s strategy and its continued ability to deliver attractive returns during challenging periods has not only validated our approach but also allowed us to develop strong relationships with existing and new investors.
”Their confidence in our strategy, history of value creation and team has been essential for the success of this fundraise. We are very grateful for their support.”
Kevin Genieser, a senior partner heading up the New York office, said the success of Antin’ s fundraise illustrates investors´ confidence in Antin’s growing investment strategy in North America as demonstrated by the firm’s successful investments in FirstLight Fiber and Vicinity Energy.
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