Antin Infrastructure Partners raises €3.6 billion for third fund

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Antin Infrastructure Partners raises €3.6 billion for third fund

Antin Infrastructure Partners, an independent infrastructure investment firm, has announced that it has closed its third fund at the hard cap, raising €3.6 billion (US$3.8 billion) in less than five months.

The new fund will allow Antin to build on its successful track record of investing in infrastructure businesses across Europe. Through its two previous funds, Antin has acquired a balanced and diversified portfolio of 15 different companies, deploying €3.2 billion (US$3.4 billion) across two funds in four infrastructure sectors: energy, transport, telecoms and social infrastructure.

Totaling €3.6 billion (US$3.8 billion), Fund III was closed in less than five months, making it the firm’s largest and fastest fundraise to date. This demonstrates investors’ strong support for Antin’s investment strategy and recognition of the firm’s track record of value creation. With this new fund, Antin welcomes 85 investors from Europe, North America, the Middle East, Asia and Australia, including pension funds, insurance companies, asset managers and sovereign wealth funds.

This follows the successful realizations of five of Antin’s nine Fund I investments and the deployment of €2.3 billion (US$2.4 billion) since the final closing of Fund II in June 2014.

Founded in 2007 and fully owned by its Partners, Antin operates from its dual hubs in Paris and London and has a diversified team of some 21 nationalities. Antin aims to deliver superior risk-adjusted returns by sourcing transactions on a proprietary basis and focusing on active value creation in its portfolio companies.

Campbell Lutyens acted as global placement agent for this fundraising and King & Wood Mallesons acted as Antin’s legal and tax advisor.

Alain Rauscher, Chief Executive Officer and Managing Partner of Antin Infrastructure Partners, said:

“We are very pleased with the swift and successful closing of our third fund. The great support Fund III received from both existing and new investors is a vote of confidence in Antin’s ability to create value for our investors. We are grateful for their commitment to the new fundraising, thereby allowing us to maintain our focus on the implementation of our investment strategy. As we enter 2017, which will mark Antin’s 10-year anniversary, this new fund clearly reinforces our leading position in Europe.”

Mark Crosbie, Managing Partner of Antin Infrastructure Partners, added:

"The rapid success of this fundraising is a testament to investors’ trust in our investment strategy and ability to continue delivering attractive returns. In addition to significant reinvestment from our existing investors, whom we would like to thank for their ongoing confidence, we are also very pleased to see that Antin has further diversified its investor base with over €1 billion (US$1.1 billion) raised from non-European geographies. We continue to see tremendous potential in brownfield infrastructure in Europe and this new fund will allow us to continue to pursue those opportunities in the coming years.”

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