AXA Private Equity raises €1.75 billion for third infrastructure fund
AXA Private Equity held a €1.75 billion ($2.2 billion) final close for its AXA Infrastructure Fund III in March 2013. The amount represents AXA Private Equity’s largest infrastructure fund to date. The total includes approximately €1.45 billion ($1.85 billion) in fund commitments and more than €300 million ($384 million) in co-investments.
“AXA Private Equity will continue with its strategy of investment in core infrastructure assets working alongside leading industrial players, offering protection against inflation and low volatility,” Mathias Burghardt, head of infrastructure at AXA Private Equity, said in a statement. “We will look to further boost proprietary deal flow through our excellent visibility in continental Europe.