Antin Infrastructure Partners has held a first close for its fifth flagship fund, its largest to date, raising more than €5 billion to invest in infrastructure opportunities. Antin expects to hold a second closing before year-end.

With a target of €10 billion and hard cap set at €12 billion, Flagship Fund V will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America.

The investment period for Flagship Fund V began on 2 August 2022, when Antin announced its majority investment in Blue Elephant Energy, a renewable energy platform focused on developing, acquiring, and operating solar and wind farms across Europe. The fund has a strong pipeline of additional actionable investment opportunities across its four sectors.

Read more: Private Equity Wire