Ardian said March 20 that its latest infrastructure fund closed on 6.1 billion euros ($6.9 billion). Ardian Infrastructure Fund V, which raised the pool in six months, will focus on transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental).
ARDIAN INFRASTRUCTURE CLOSES ITS FIFTH GENERATION FUND AT €6.1BN
- The fund, which is the largest ever infrastructure fund raised targeting Europe, cements Ardian Infrastructure’s position as an industry leader with $15 billion in assets under management
- The fund will upgrade and digitize essential infrastructure assets across Europe, focusing on transport, energy and other public infrastructure assets
Paris, 20 March 2019. Ardian, a world leading private investment house, today announces it has raised €6.1 billion for its latest infrastructure fund, Ardian Infrastructure Fund V, in less than six months. The Ardian Infrastructure team now has $15 billion assets under management in Europe and the Americas.
In line with its established investment strategy, the latest fund will upgrade and digitize infrastructure assets that are essential for populations across Europe. Areas of focus include transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental). Ardian Infrastructure will continue to work closely with local public and private stakeholders.
The fund attracted 125 investors from Europe, North America, Asia and the Middle East, comprising major pension funds, insurance companies, financial institutions, HNWIs and sovereign wealth funds, illustrating the attraction of the European infrastructure market.
There was particular growth among US investors as well as from Asia and the Middle East, which is reflective of Ardian’s diversified and international client base and its strong global relationships. Former investors massively re-upped their commitments, while 30% are new to Ardian.
Since the fundraising of Ardian Infrastructure Fund IV, the number of investment professionals has doubled, strengthening Ardian’s ability to grow its portfolio companies with a long-term view. To help guide its industrial investment approach, Ardian has developed a new framework called the “Augmented Infrastructure”, focusing on cutting-edge technology, a client centric approach, improving maintenance and pushing for higher health, safety and environmental measures.
Dominique Senequier, Ardian President, said: “Raising a fund of more than double the size of its predecessor in less than six months bears testament to the quality of the infrastructure team and the regard with which they are held in the market. It underlines Ardian’s focused investment strategy, its asset management capabilities and strong relationships with investors.”
Mathias Burghardt, Member of the Executive Committee and Head of Ardian Infrastructure said: “This fundraise is a proxy for interest from institutional investors to an attractive asset class and a marker of the strong performance of previous generations of Ardian Infrastructure funds. We would like to thank our loyal clients, new international investors and previous generations for their role in this record €6.1 billion fund. The fund will invest in infrastructure assets that are essential for communities, particularly in the transport and energy sectors, delivering long-term value through our disciplined industrial approach.”
Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.