European private equity firm Ardian has reportedly raised €6 billion ($6.8 billion) of capital commitments for its latest European infrastructure fund, Ardian Infrastructure Fund V.
The fund is expected to be oversubscribed, exceeding more than €10 billion ($11 billion), two people with direct knowledge of the matter told the Financial Times. The fund will target core infrastructure assets across Europe.
Ardian closed Infrastructure Fund IV on €2.7 billion ($3.1 billion) in 2016. It invested in assets such as Italian 2i Aeroporti, a Portuguese toll-roll network operator, a stake in CLH, a Spanish and U.K. oil and storage transportation company, and French strategic oil storage business Géosel.
