Antin Infrastructure Partners successfully closes fourth fund at hard cap, raising €6.5 billion28 July 2020
Antin Infrastructure Partners, one of the world’s leading infrastructure investment firms, announced today that it has successfully closed its fourth fund and largest to date, raising €6.5 billion ($7.6 billion) to invest in infrastructure opportunities. The significantly oversubscribed fund makes it one of the largest funds to hold a final closing during the Covid-19 pandemic. The final close considerably exceeded the fund’s original €5.5 billion target and reached its €6.5 billion hard cap.
This strong demand demonstrates continued investor support for Antin’s approach to infrastructure investing and recognition of the firm’s long track record of value creation. Antin will continue to build on its successful history of investing responsibly in infrastructure businesses with growth potential across Europe and North America, focusing on opportunities in the energy and environment, telecom, transport and social sectors.
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. 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%.
Alain Rauscher, Chief Executive Officer and Managing Partner of Antin Infrastructure Partners, said: “Completing an oversubscribed fundraise in the current market is another clear indication of the importance of infrastructure as an asset class and a strong vote of confidence in Antin’s capacity to create long-term value. We expect infrastructure investments to play a vital role in the recovery plans that are being put in place across Europe and North America. With our new fund, Antin is well-positioned to continue to be a partner in the growth and development of essential businesses in both geographies.”
Mark Crosbie, Managing Partner of Antin Infrastructure Partners, added: “The resilience of Antin’s strategy and its continued ability to deliver attractive returns during challenging periods has not only validated our approach, but also allowed us to develop strong relationships with existing and new investors. Their confidence in our strategy, history of value creation and team has been essential for the success of this fundraise. We are very grateful for their support.”
Kevin Genieser, Senior Partner heading up the New York office, commented: “The success of Antin’s fundraise illustrates investors´ confidence in our growing investment strategy in North America as demonstrated by our successful investments in FirstLight Fiber and Vicinity Energy.”
Antin has now completed four successful fundraises, securing close to €15 billion in commitments from investors including co-investment. The firm has made 24 investments across these four funds.
Evercore Private Funds Group acted as global placement agent for this fundraising while Kirkland & Ellis and Goodwin acted as Antin’s legal and tax advisors.
Communication Director, Antin Infrastructure Partners
Director, Brunswick Group
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading independent private equity firm focused on infrastructure investments. Based in Paris, London and New York, and fully owned by its 14 partners, the firm employs over 100 professionals. Antin targets majority stakes in infrastructure businesses in the energy and environment, telecom, transport and social infrastructure sectors. The firm has raised close to €15 billion across four funds and has made investments in 24 companies.