Ardian raises €2.65bn for latest infrastructure fund

The firm stated that the vehicle is the largest infrastructure fund ever raised in Europe. The overall commitments exceeded Ardian's previous infrastructure fundraising effort by more than 50%: Ardian Infrastructure Fund III was closed in 2013 on €1.75bn.

While €900m have been committed by new investors, the amount attributed to re-ups from previous investors in Ardian infrastructure funds exceeded the total amount raised for Fund III. The LP base for Fund IV comprises institutional investors, European, North American and Asian pension funds, insurance companies and sovereign wealth funds.

Targeting European infrastructure assets, the fund has already deployed €1bn in 2015 alone, across four investments. These include Italian airport holding 2i Aeroporti in April and a large Portuguese toll-roll network operator in July.

Ardian has been active on the fundraising front for its other activities as well. In November, the GP held a €1.1bn final close for Ardian Co-Investment IV, a vehicle that will secure minority stakes in European and US companies alongside fellow private equity funds.

In September, Ardian raised €2bn for its latest debt vehicle targeting private-equity-backed companies.

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