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Laxman Pai, Opalesque Asia: Private investor Ardian has raised $2.1bn (€2bn) for its latest Americas infrastructure fund, to target telecommunications, transportation, and energy-transition sector assets.
Secondaries giant said in a media release that the capital raised for Ardian Americas Infrastructure Fund V (AAIF V) exceeded the fund's $2bn hard cap and was larger than the inaugural AAIF IV fund which raised $800m in 2018.
The Ardian Infrastructure team now has over US$21bn assets under management across the globe.
"The successful fundraise attracted over 60 investors from 17 countries across the Americas, Europe, Middle East, and Asia, comprising major pension funds, insurance companies, sovereign wealth funds, Fund of Funds, endowments, and high-net-worth investors," said the release.
With a mix of returning investors, who on average doubled their previous commitments to the strategy, and new investors, the successful fundraising of AAIF V demonstrates the growing appetite for Ardian's Americas infrastructure and asset management strategies, it added.
Indiana Public Retirement System made a $150m commitment to the fund. Public Employees Retirement Association of New Mexico also disclosed it was investing up to $75m directly into the fund and was putting $25m into a co-investment vehicle that could invest alongside the AAIF IV or AAIF V funds.
"We are thankful for the support of our new and existing investors. The success of our latest fundrai...................... To view our full article Click here
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