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Laxman Pai, Opalesque Asia: Europe-based infrastructure investment firm Antin Infrastructure Partners has wrapped up its fourth fund at its €6.5 billion ($7.63 billion) hard cap.
The vehicle, Antin Infrastructure Partners IV, gathered capital well above the €5.5 billion target and is a substantial increase in size from the firm's predecessor fund, a €3.6 billion vehicle that closed in late 2016.
"The significantly oversubscribed fund makes it one of the largest funds to hold a final closing during the Covid-19 pandemic," claimed a press release from the company.
Antin Infrastructure Partners IV invests in growth-oriented businesses in Europe and North America, with a specific focus on the energy and environment, social, telecommunications and transportation sectors, the release said.
Fund IV saw interest from blue-chip investors seeking resilient businesses capable of generating attractive returns in today's environment, with a significant amount of commitments received during the lockdown period, it said.
The fund is backed by a diverse group of more than 140 leading investors from around the globe. Over half of the fund's capital came from existing relationships, representing a reinvestment rate of nearly 100%. Investors include the €90 billion Alecta Pensionsforsakring, Stockholm.
Mark Crosbie, the managing partner of Antin Infrastructure Partners, said: "The resilience of Antin's strategy and its continued ability to deliver attractive returns during ...................... To view our full article Click here
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