BNP Paribas wins its second Antin IP fund 06 October 2014London Reporter: Stephen Durham
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BNP Paribas Securities Services has been selected by Antin Infrastructure Partners (Antin IP) to act as depositary bank for the Antin Infrastructure Partners II fund, in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
The Antin II fund, a €2 billion vehicle, is one of the largest European infrastructure funds and will follow the same investment strategy as Antin IP’s first.
It counts more than 60 leading international investors located in Europe, North America, Asia and Australia, including pension funds, insurers, asset managers and sovereign wealth funds.
Alain Rauscher, president directeur général of Antin IP, explained: “We were looking for a reliable partner, an expert on investment vehicles across different legal frameworks.”
“The international dimension of [BNP Paribas] was therefore a decisive element for us. We have complete confidence in the bank’s teams, which have provided us with first class support to ensure compliance with AIFMD.“
Gilliane Philip-Courtines, head of institutional client relations, France, at BNP Paribas, said: “We are delighted to have been chosen as depositary bank by Antin IP and to extend our partnership to its second fund.”
“This appointment testifies to the service quality that we offer our clients as depositary bank for their private equity and infrastructure funds. “
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