ION expands ETF trading capabilities with Tradeweb integration
Investing.com -- Antin Infrastructure Partners (EPA:ANTIN) on Thursday reported third-quarter fee-paying assets under management (FPAUM) of €21.8 billion, in line with market expectations.
The infrastructure investment firm recorded no gross inflows during the quarter, as anticipated, with no strategies currently fundraising in the market. The company’s next fundraising cycle is expected to begin with Mid Cap Fund II in 2026.
Investment activity showed signs of improvement with total last twelve months (LTM) investments reaching €1.0 billion, up from €0.7 billion in the LTM period ending in the second quarter.
During the third quarter, Antin made three investments: Acquavista and Swiftair in Mid Cap I, which is now approximately 67% invested compared to 50% in the second quarter, and Matawan in NextGen I, which is now about 61% invested versus 58% previously.
The company’s Flagship V fund is currently 38% deployed and needs to reach a 75% investment threshold by August 2027 to continue accruing management fees.
Regarding fund performance, NextGen I Gross Multiple on Invested Capital (MOIC) decreased from 1.2x to 1.1x during the quarter. However, other funds showed improved performance with Fund IV increasing from 1.3x to 1.4x, Fund V from 1.1x to 1.2x, and Mid Cap I from 1.3x to 1.4x. Fund III and Fund III-B remained flat quarter-over-quarter.
Antin confirmed its 2025 guidance, with underlying EBITDA expected at approximately €160 million compared to €187 million in fiscal year 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.