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Ardian raises €6.1bn

The global private investment house has closed its fifth infrastructure fund after less than six months on the road.

Ardian has announced the final close of Ardian Infrastructure Fund V at €6.1 billion, after less than six months of fundraising. The firm’s fifth flagship infrastructure fund, which exceeded its initial target of €5.5 billion, is focused on upgrading and digitising infrastructure assets essential for populations across Europe. Its target sectors include transport, energy, renewables, and health and environmental assets.

Cathay Life Insurance, Merced County Employees Retirement Association and Taiwan Life Insurance have each disclosed investments to the fund, which received capital from 125 investors in total. Demographically, the fund’s limited partners are based in Europe, North America, Asia and the Middle East.

Fund V more than doubled the size of Ardian Infrastructure Fund IV, which held a final close in January 2016 at €2.65 billion.