Antin Infrastructure Is Seeking $5.8 Billion for Its Fourth Fund

(Bloomberg) -- Antin Infrastructure Partners is seeking about 5 billion euros ($5.84 billion) for its fourth fund, according to people familiar with the matter.

The infrastructure investor, which has offices in Paris, London and Luxembourg, may use the fund to seek more deals in North America, said the people, who asked not to be identified because the details are private. The pool is expected to follow the same rules as Antin’s previous funds, capping investments in the U.S. at 20 percent of total capital.

Antin’s third and latest fund closed on 3.6 billion euros in 2016.

A spokesman for Antin declined to comment.

In February, Antin agreed to acquire Albany, New York-based FirstLight, a fiber-optic bandwidth infrastructure services provider, from Oak Hill Capital Partners. The deal was led by Kevin Genieser, an Antin senior partner who joined the firm last year.

Large investors including Global Infrastructure Partners and Brookfield Asset Management are also in the early stages of raising the next iterations of their global funds, which could both reach or eclipse $20 billion. 3i Group PLC is seeking as much as $1.5 billion for its first U.S. infrastructure fund, Bloomberg News reported last month.

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