Ardian nets $800m for US infrastructure fund

The fundraising was completed in less than six months, according to Ardian. The GP said it had attracted a number of North American institutional investors, as well as commitments from European and Asian LPs, including pension funds and insurance companies.

Ardian stated it sees an opportunity in the US infrastructure mid-market, which it says remains insufficiently served and offers a higher risk/return proposition.

The vehicle will target essential infrastructure assets in the transport and energy sectors, in the US and other American OECD member countries. It has already made two investments, partnering with Transatlantic Power Holdings to create a renewables platform named Skyline Renewables, and acquiring Whirlwind, a 60MW windfarm in Texas.

The asset manager has raised a number of funds dedicated to infrastructure in recent years, with assets under management in that strategy in Europe amounting to $9bn. Most recently, it raised €2.65bn for its fourth infrastructure fund, Ardian Infrastructure Fund IV, in 2016.

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• Topics
• Infrastructure
• France
• Ardian (formerly Axa PE)
• United States