Independent infrastructure investment manager Ancala has held the final close of its third flagship co-mingled fund with €1.4bn in capital commitments, surpassing its original €1.2bn target and marking the firm’s largest single fundraise to date.
Ancala Infrastructure Fund III attracted commitments from new and existing institutional investors across Europe, North America and Asia.
Ancala was founded in 2010 and focuses on sourcing bilateral investment opportunities, providing downside protection, inflation-linkage and cash yield, and creating sustainable value within its portfolio companies.
Ancala’s Fund III has completed three investments to date: Europe’s largest aerial emergency services provider Avincis; leading Norwegian supply base Fjord Base; and decarbonised heating and cooling specialist Noventa.
Ancala manages more than €4bn across 18 assets operating in infrastructure sectors including renewable energy and energy transition, transport, utilities and the circular economy.