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agriculture, solar
The energy transition-focused fund manager has deployed roughly 60% of Infragreen IV and plans to launch Fund V, for which it will link carried interest to ESG objectives, next spring.
The firm also raised another €400m for two co-investment vehicles that will invest in Vauban's €6bn digital platform and a Spanish PPP portfolio.
Antin Infrastructure Partners Mid Cap I, which began fundraising at the beginning of this year, was originally targeting €1.5bn.
The French manager has already deployed circa €1bn from its latest core fund across transportation, digital and social infra in France, Spain and Portugal.
Meridiam has raised €8bn for a single asset fund to finance its share of the deal, which will see it take about 40% of the business.
Rejecting accusations of being ‘short-termist’, head of infra Mathias Burghardt told us Ardian will not seek to sell the assets it is looking to acquire from Suez alongside GIP.
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.
The fifth fund, following on from the November 2019 closing of its predecessor, will for the first time be able to invest outside Europe.
The duo are offering a rival bid to the one led by Veolia, which had been preparing a takeover supported by Meridiam.
Sunset on solar panels in a village
The move, affecting plants awarded tariffs between 2006 and 2010, amounts to an ‘abuse of power’, according to an industry association.
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