Infrastructure is back on the menu as Antin Infrastructure Partners exceeded its â¬1bn target and reached its final closing at the end of September.
Antin Infrastructure Partners raised total funds of €1.1bn. This is a ten-year closed end fund, focused on brownfield, non-listed assets located in the Eurozone, and aims at delivering target yields of 5% and target internal rate of returns of 15%. Antin Infrastructure Partners is BNP Paribas’ dedicated partner for managing infrastructure funds with a focus on investing in infrastructure assets in Continental Europe.
Alain Rauscher, CEO and managing partner, said “The fund raising was initiated at the beginning of 2009, in an extremely difficult market. We were, however, able to attract some high quality investors early on, which paved the road for the success of our placement. Our success is based on the diversity of the team, the quality of the current investments, a focus on the Eurozone and an independent governance.”
Antin Infrastructure Partners has already made four investments for an aggregate amount of €240m: Euroports, Porterbrook, Pisto and Bina Istra. The portfolio performs ahead of the fund’s objectives.
Commenting on the placement, Mark Crosbie, managing partner, said: “Antin Infrastructure Partners has managed to secure commitments from approximately 35 investors from diverse countries: Scandinavia, France, Germany, Switzerland, United Kingdom, Canada and Australia in particular. This is the result of our important placement efforts over 18 months. The confidence placed in the Antin Infrastructure Partners team by BNP Paribas, as evidenced by their €300m investment, provided a strong platform from which Antin Infrastructure Partners was able to build its reputation with investors.”
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