BNP fund taps renewed interest in infrastructure

Record number of funds seek cash; Debt appetite returns

Antin Infrastructure Partners, the BNP Paribas-backed infrastructure fund, achieved its second closing on December 18 last year, taking the fund to half of its target size of €1 billion. BNP Paribas has invested €300 million in the fund – €150 million through BNP Paribas SA and €150 million through Cardif Insurance. Other investors put in €215 million in a fundraising that took nearly a year.

“The European market simply does not have 20 mega deals a year, so many European funds are coming back to the $1 billion size”

Alain Rauscher, Antin

Alain Rauscher, Chief Executive, Antin Infrastructure Partners, the BNP Paribas-backed infrastructure fund

“We launched in January 2009 but to say that the fundraising environment was difficult is an understatement,” says Alain Rauscher, chief executive at Antin.

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