Exclusives

Hamish de Run, who will be replaced by partner Perry Noble, had returned in 2019 to lead the infrastructure business after his initial exit in 2017.

Antin Infrastructure Partners Mid Cap I, which began fundraising at the beginning of this year, was originally targeting €1.5bn.

A first close is planned by the end of the year, with the vehicle targeting higher-returning assets than its recently launched London-listed fund.

Five investments have already been made from its second core vehicle, with US and Canadian opportunities increasing since the first vintage.

The Europe-focused energy transition vehicle has shifted its length to 10 years from its predecessor's 20.

The fund is more than two-thirds to its €700m target and has already agreed or committed to investments in three European funds.

Jim Barry, who previously helmed the unit in addition to being global CIO at BlackRock Alternative Investors, will now focus on the latter role.

The French manager has already deployed circa €1bn from its latest core fund across transportation, digital and social infra in France, Spain and Portugal.

The vehicle will continue its predecessor's mid-market strategy of investing in energy transition, telecoms and public transport.

The Paris-based fund manager expects to reach final close on $1.5bn before summer, a target which, if met, will make AAIF V nearly double the size of its predecessor.