Antin Infrastructure Partners has completed a first close for its fifth flagship fund — its largest to date — raising more than €5 billion ($4.9 billion) against its target of €10 billion ($9.8 billion) and hard cap of €12 billion ($11.8 billion).
Flagship Fund V will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America.
The investment period for Flagship Fund V began on Aug. 2, when Antin announced its majority investment in Blue Elephant Energy, a renewable-energy platform focused on developing, acquiring and operating solar and wind farms across Europe.
The fund has a strong pipeline of additional actionable investment opportunities across its four sectors and is expected to hold a second closing before the end of the year.
Antin Infrastructure Partners has around €27 billion ($26.6 billion) in assets under management across its flagsh