Exclusives

The vehicle will continue its predecessor's mid-market strategy of investing in energy transition, telecoms and public transport.

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.

Final commitments to the firm’s latest energy fund will put the fundraising total above a $4bn target and at or near its hard-cap.

The manager is almost halfway to its €450m target, having raised €336m for its first infrastructure co-investment vehicle in late 2018.

The German asset manager is targeting the same amount on which it closed predecessor fund ESPF4 in October 2019.

The firm is understood to be in pre-marketing for the two vehicles, having launched its last European fund in 2016 and its Africa fund in 2015.

Yasuhiro Ono will focus on investment sourcing and managing investor relations in the region when he joins the NY-based firm on 21 December.

The manager, which closed a €6.5bn fund in the summer, is looking to re-enter the €200m-€300m ticket market.

The Dutch manager's latest flagship fund exceeded its target by more than €500m after raising its hard-cap earlier this month, as it looked to accommodate new investors.

The manager was originally targeting $1.75bn for its second mezzanine fund, expected to reach a final close as early as end of October.