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Ardian set to launch next flagship infra fund

Ardian Infrastructure is due to launch fundraising for its next Europe-focused flagship fund in the next few weeks with a EUR 10bn target, sources said. 

The Paris-headquartered manager’s Ardian Infrastructure Fund VI is primarily focused on deals in OECD Europe although it has a small allocation further afield, primarily in North America. 

The GP’s fourth fund also had a small allocation outside Europe. Investments outside of Europe made through that fund include the San Cristobal tunnel and the Vespucio Norte Express road PPP, both in Chile, according to Infralogic.  

The fundraise target for the fund, which targets brownfield transport, environment, renewables and energy assets, is almost EUR 4bn higher than its predecessor fund, AIF 5, which held a final close in March 2019 with EUR 6.1bn of commitments. AIF 5 has now reached its 75% deployment threshold.  

The new fund is part of several fundraising processes underway by Ardian Infrastructure this year. In September the manager held a final close of its Ardian Americas Infrastructure Fund V, securing USD 2.1bn in commitments.  

Meanwhile at the start of the year Ardian Infrastructure launched its Ardian Clean Energy Evergreen Fund, an open-ended fund targeting renewable energy and energy transition assets. The fund has an initial EUR 1bn fundraising tranche.  

In recent days Ardian registered Ardian Infrastructure World Fund in Luxembourg, according to public filings. The fund is a managed account on behalf of an investor targeting a global portfolio of infrastructure assets, although according to one of the sources it is not managed by Ardian Infrastructure but rather a separate team within Ardian.  

Ardian Infrastructure, which declined to comment, is led by head of infrastructure Mathias Burghardt.