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Private Investment Group Raises $800 Million for American Infrastructure Fund

| May 15, 2018

Highway construction

A leading private investment house reports that it raised more than US$800 million for its first infrastructure fund dedicated to the US and other OECD American countries.

The fundraising from the group Ardian was completed in less than six months, attracted a substantial number of North American institutional investors within a diversified global mix that also included commitments from European and Asian pension funds, insurance companies and other institutions.

Ardian notes that the fund “will provide investors with opportunities to invest in high-quality US and other OECD American essential infrastructure assets in the transport and energy sectors.”

Ardian has made significant inroads into the North America market over the past six months and has already completed its first two investments with this fund.

It has partnered with Transatlantic Power Holdings (TPH) to create a renewables platform, Skyline Renewables, and acquire Whirlwind, a 60MW windfarm in Texas. Ardian also previously announced its acquisition of LBC Tank Terminals, a global operator of bulk liquid storage facilities with a significant US presence.

It most recently announced the appointment of US energy industry veteran, Mark Voccola, beginning August 2018. Mark will co-lead the US infrastructure activities alongside Stefano Mion, Managing Director, who relocated from Milan to New York to spearhead the team’s US development. Two other team members will join Ardian Infrastructure during the summer in New York.

Ardian is already a leading European infrastructure manager with $9 billion of assets managed or advised, targeting essential infrastructure assets across Europe working alongside Ardian’s major industrial partners. The portfolio includes a number of high profile investments among others: 2i Aeroporti, the largest airport platform in Italy; Ascendi, the second largest Portuguese motorway network; and SPMR & Géosel, the French strategic oil transportation and storage companies.

 

Category: Featured, General Update, News

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