French alternative asset manager Ardian has announced it has raised €2.65bn for its new European infrastructure fund, Ardian Infrastructure IV.
Ardian, which is a former branch of AXA group, stated in a press release its infrastructure fund is the largest that has ever been raised by a European asset manager.
Ardian Infrastructure Fund IV targets infrastructure assets that provide essential services to public in Europe. It has already invested €1bn in 2015 in projects including Italian airports and Portuguese motorways.
Other transactions last year have concerned the acquisition of Repsol’s share capital in CLH, specialised in the storage and transport of hydrocarbon in Spain and the UK as well as the purchase of storage facilities from Total.
Around €7bn of assets are being managed through Ardian Infrastructure funds.
Ardian had a total of €50bn AUM as at end 2014.
'Excellent growth opportunity'