Ancala has closed its third flagship commingled fund above target, completing its largest-ever individual fundraise. Ancala Infrastructure Fund III raised €1.4 billion ($1.5 billion), surpassing its goal of €1.2 billion ($1.3 billion).
Ancala Infrastructure Fund III contains commitments from new and existing investors, consisting of funds from institutional investors across Europe, North America and Asia.
“I would like to thank all the investors who have supported Ancala in this fundraise,” said Spence Clunie, managing partner at Ancala. “Our investors are looking for enhanced returns from critical infrastructure investments. Ancala has an unwavering commitment to investing in and growing assets with traditional infrastructure characteristics.”
He added: “This latest fundraise, our largest ever, is further evidence of the trust international investors place in our proven and differentiated approach to infrastructure investment.”
Ancala has