Antin Infrastructure Partners announced several executive moves in conjunction with its third-quarter earnings release on Tuesday.
The Paris-based firm ended the quarter with €30.8 billion ($33 billion) in assets under management, up 6.4% year-over-year on the back of €3.5 billion ($3.7 billion) in fundraising over the past 12 months for its Flagship Fund V and NextGen Fund I, with an additional €500,000 ($535,000) in co-investment.
Fund V picked up several commitments from U.S. investors in the period, including:
- New York State Common Retirement Fund: $274 million
- Alaska Permanent Fund Corp.: $107 million
- Virginia Retirement System: $105 million
Mark Crosbie, who co-founded the firm in 2007, stepped down from his role as Antin deputy chief executive officer on Tuesday to dedicate time to family and personal interests, but he will continue to have a role in the firm as co-chairman of the investment committee.
Antin also promoted Simon Söder to senior partner and head of the London office. He joined the firm in 2014 after holding roles at Macquarie, Westpac and Lacima Group.
Additionally, Antin promoted Mélanie Biessy, Stéphane Ifker, Dr. Angelika Schöchlin and Kevin Genieser managing partners.
Biessy, who has been with Antin since the firm’s inception, is chief operating officer and a member of the firm’s executive committee, investment committee and board of directors. Prior to joining Antin, she held legal and tax roles at the Galaxy Fund, France Telecom and Egis.
Ifker has also been with Antin since the firm’s launch, prior to which he spent most of his career at Rothschild, while Dr. Schöchlin joined Antin in 2010 after holding roles at Terra Firma and Goldman Sachs. Both are global sponsors for all investment strategies and board members of several Antin portfolio companies, in addition to being members of the executive committee and the investment committee.
Genieser joined Antin in 2017 after spending most of his career at Morgan Stanley. He is head of the New York office and has been involved in all of the firm’s investments in the region, in addition to being a board member of several Antin portfolio companies, and member of the executive committee and the investment committee.
With these additions, Antin’s executive committee now consists of five members, including Co-Founder, Chairman and CEO Alain Rauscher. In a joint statement, the four new executive committee members said they “look forward to guiding our incredibly talented team of over 200 professionals and serving our fund investors by delivering strong investment returns.”
