Antin Infrastructure Partners has raised over €5bn at the first close for its latest fund.
Antin said Flagship Fund V, which is targeting a €10bn fundraise and a €12bn hard cap, is expected to hold a second close before year-end.
Antin raised €6.5bn for its fourth infrastructure fund, which closed in July 2020.
The fifth flagship fund will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America, the manager said.
Flagship Fund V’s first investment was made in August, when Antin bought a majority stake in Blue Elephant Energy, a renewable-energy platform focused on developing, acquiring and operating solar and wind farms across Europe.
Antin said the fund has a strong pipeline of additional actionable investment opportunities across its four sectors.
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