Ardian has raised more than $800 million for its first infrastructure fund dedicated to the US and other OECD American countries.
The fundraising attracted a substantial number of North American institutional investors within a diversified global mix that included commitments from European and Asian pension funds, insurance companies and other institutions.
The company says this successful fundraising confirms the continued regional appetite for Ardian’s infrastructure investment and asset management strategies.
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.
The team will leverage on its international network of industrial partners, construction companies and infrastructure operators.
Ardian has made significant progress in the North American market over the past six months and has completed its first two investments with this fund. It has created a renewables platform, Skyline Renewables, and has acquired a windfarm in Texas.
It has also acquired a 35% stake in LBC Tank Terminals, which has a significant presence in the US.
Mathias Burghardt, member of the executive committee and head of Ardian infrastructure, says: ‘The successful fundraising confirms investor confidence in Ardian’s deal pipeline, global reach and focus on value creation, all factors which particularly resonate in the American market.
‘We see an opportunity in the US infrastructure middle market, which remains insufficiently served and offers a higher risk return proposition.