French civil service pension fund ERAFP has committed €350 million (US$368.4 million) to Ardian France and Access Capital Partners for infrastructure and private equity funds of funds, respectively.

This commitments comprise a €150m infrastructure mandate, awarded to Ardian France, and a €200m private equity mandate, to Access Capital Partners, as part of a move to take up new investment freedoms granted by the government in late 2014.

The length of the two contracts is 10 years each, with two potential two-year renewal options.

Under the infrastructure commitment, the €26 billion pension fund intends diversify by using some of its long-term savings to develop sustainable assets in the European Union.

ERAFP will commit €200 million for investments primarily in unlisted European midmarket companies through growth capital or buyout transactions or, to a lesser degree, mezzanine debt or unitranche financing.