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Laxman Pai, Opalesque Asia: Global infrastructure investment firm Antin Infrastructure Partners closed its latest flagship fund with €10.2 billion ($10.7 billion) in commitments, making it the largest infrastructure fundraise globally in 2024.
Paris-based investor said in a media release, that the new fund is expected to be the largest infrastructure fund to reach a final closing worldwide in 2024.
Its size represents an increase of over 50% from Antin's previous Flagship Fund IV, which closed in 2020 at €6.5 billion. The outcome is a standout achievement in the current fundraising environment.
According to the release, Flagship Fund V achieved this successful result through the support of both existing investors, as evidenced by the fund's re-up rate of more than 90%, and new relationships. Over 120 new investors joined the fund, further diversifying Antin's growing investor base.
Commitments from North America in the new fund were nearly five times larger than in Antin's prior flagship fund. Commitments from Asia Pacific, the Middle East, and Latin America also significantly increased.
Alain Rauscher, Co-Founder, Chief Executive Officer, and Chairman of the Board, said: "Exceeding our target for Flagship Fund V in today's challenging fundraising environment is a major achievement that underscores the trust our investors place in our investment strategy and expertise."
With over €32 billion in assets under management across its Flag...................... To view our full article Click here
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