Fundraising - DECEMBER 13, 2016

Antin holds €3.6b final close for third infrastructure fund

by Jody Barhanovich

Antin Infrastructure Partners has held a €3.6 billion ($3.8 billion) final close for its third infrastructure fund, Antin Infrastructure Partners III. Fund III closed in fewer than five months, making it the firm’s largest and fastest fundraise to date.

The closed-end Antin Infrastructure Partners III fund has a focus on value-added European brownfield infrastructure investments, such as energy, social infrastructure, telecommunications and transportation. The new fund will allow Antin to continue to build its investments in infrastructure businesses across Europe.

“We continue to see tremendous potential in brownfield infrastructure in Europe and this new fund will allow us to continue to pursue those opportunities in the coming years,” said Alain Rauscher, CEO and managing partner, in a statement.

The fund attracted 85 investors from Europe, North America, the Middle East, Asia and Australia, with more than €1 billion ($1.06 billion) raised from non-European investors. Investors included pension funds, insurance companies, asset managers and sovereign wealth funds. Earlier this year, the $14.3 billion Public Employees’ Retirement Association of New Mexico committed €65 million ($69 million) to the fund.

Through the fund’s predecessors, Antin Infrastructure Fund and Antin Infrastructure Fund II, Antin has acquired a balanced and diversified portfolio of 15 different companies, deploying €3.2 billion ($3.4 billion) across the two funds in four infrastructure sectors: energy, transportation, telecommunications and social infrastructure. This follows the deployment of €2.3 billion ($2.4 billion) since the final closing of Antin Infrastructure Fund II in June 2014.

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