Antin Infrastructure Partners posts strong growth of 34% in assets under management in 2021

PARIS–(BUSINESS WIRE)–Regulatory news:

Alain Rauscher and Mark Crosbie, co-founders of Antin Infrastructure Partners (Paris:ANTIN), said:

“2021 has been an exceptional year for Antin. We continued to deliver exceptional performance, with strong returns across our funds and +34% growth in assets under management. We expanded our investment capabilities, attracted new talent to our team and launched two new infrastructure strategies with Mid Cap and NextGen, marking the start of a new era in Antin’s growth story. We also achieved a major milestone with our IPO on the Euronext Stock Exchange, demonstrating strong investor confidence in support of our ambitious plans for the future. Although all these achievements make us proud, we are convinced that the best is yet to come. »

2021 Highlights

• Assets under management increased to €22.0 billion, up +34.4% year-on-year, driven by the launch of Mid Cap and NextGen strategies as well as strong fund performance

• Strong fundraising momentum with NextGen Fund I first closing in December 2021

• Investment activity over the last twelve months is in line with expectations, with 3.3 billion euros invested in the Flagship and Mid Cap strategies, including co-investments

• Disposal of Amedes (Fund II) and Almaviva (Fund III)

• Strong investment performance, with all funds ahead or ahead of plan

Continued fundraising momentum

• Assets under management up to €22.0 billion as of December 31, 2021, up +34.4% over the last twelve months

• Paying outstandings increased to €13.8 billion at December 31, 2021, up +14.4% over the last twelve months

• Success of the first closing in December 2021 of NextGen Fund I with continued fundraising momentum

• Successful closing of Mid Cap Fund I earlier in 2021 at €2.2bn hard cap and oversubscribed

Solid capital deployment

• Total investments of €3.3bn over the last twelve months and €1.5bn in the fourth quarter including co-investments

• Total investments of €1.7bn over the last twelve months and €0.7bn in the fourth quarter excluding co-investments

• Investments announced in the fourth quarter include Origis Energy in Fund IV, a leading renewable energy platform in the United States

• Successful closing of Mid Cap Fund I investments in ERR partnership European Rail Rent, a leading asset manager for rail freight wagons, and Pulsant, a leading data center platform in the UK

• Flagship Fund IV ~60% invested while Mid Cap Fund I ~16% invested as of December 31, 2021, both in line with expectations

Successful exit business with robust returns

• Sale of Amedes (Fund II) and Almaviva (Fund III) successfully completed, further strengthening the returns achieved by Antin

• Flagship Fund II is ~76% completed and Flagship Fund III ~24% completed as of December 31, 2021

Investment performance meets or exceeds plan

• Investment performance remained strong, with all funds performing at or above plan

• Flagship funds II and III are ahead of plan with gross multiples of 2.5x and 1.6x respectively, a +0.1x improvement for both funds over the past three months

• Flagship Fund IV and Fund III-B are performing as expected with gross multiples of 1.2x and 1.4x respectively

Fundraising prospects remain strong

• Significant fundraising expected for NextGen Fund I and Flagship Fund V

• Final NextGen close expected in H1 2022 with total commitments of €1.2-1.5 billion

• Final closing of Flagship Fund V expected in 2023 with commitments of 10 to 11 billion euros. First closing expected around Q2/Q3 2022

Financial Calendar

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm specializing in infrastructure. With 22 billion euros in assets under management, Antin is targeting majority stakes in the energy and environment, telecoms, transport and social infrastructure sectors. Based in Paris, London, New York, Singapore and Luxembourg, Antin employs more than 165 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to investors and corporations. of portfolio. Majority-owned by its partners, Antin is listed on compartment A of the regulated market of Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0)