Ardian Americas Infrastructure Fund V (AAIF V), managed by Ardian, has wrapped up fundraising at $2.1 billion, exceeding its $2 billion hard cap.
AAIF V was significantly larger than the inaugural AAIF IV, which closed at $800 million in 2018. The fundraise brought in more than 60 investors from 17 countries across the Americas, Europe, Middle East and Asia, including major pension funds, insurance companies, sovereign wealth funds, funds of funds, endowments and high-net-worth investors. This involved a mix of returning investors, who on average doubled their previous commitments to the strategy, and new investors.
AAIF V will invest in high-quality, mid-market U.S. and other OECD American essential infrastructure assets in the telecommunications, transportation and energy transition sectors. The fund is already more than 15 percent committed via an infrastructure transaction acquiring Unison, a buyer and manager of telecom site properties in the United States.