Ardian closes fifth infra fund on €6.1bn

The vehicle is more than double the size of Ardian Infrastructure Fund IV, closed on €2.65bn in Q1 2016.

According to a statement by the GP, the fund is the largest infrastructure fund ever raised that only targets Europe. As a result, Ardian Infrastructure currently has $15bn in assets under management in Europe and the Americas.

Up to 125 investors from Europe, North America, Asia and the Middle East have backed the infrastructure vehicle. Pension funds, insurance companies, financial institutions, high-net-worth individuals and sovereign wealth funds have made commitments. Former investors have recommitted to the fifth generation vehicle, while 30% of backers of the fund made commitments for the first time to Ardian.

There was particular growth among US investors, as well as from Asia and the Middle East, a statement by Ardian says.

The GP intends to continue its established investment strategy. Areas of focus include transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental). Ardian Infrastructure will continue to work with local public and private stakeholders. 

Since the fundraising of Ardian Infrastructure Fund IV, the number of infrastructure investment professionals has doubled, the statement says.

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• Topics
• Funds
• Infrastructure
• France
• France
• Ardian (formerly Axa PE)