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October 9, 2009

AXA weighs new infrastructure fund in 2010


By Simon Meads and Greg Roumeliotis

LONDON/AMSTERDAM, Oct 9 (Reuters) - AXA Private Equity is considering raising a 1 billion euro-plus ($1.48 billion) infrastructure fund in 2010 when the fundraising climate eases, its head of infrastructure said.

New fundraisings in both private equity and infrastructure have become sparse in the wake of the credit crisis as cash-strapped investors steer clear of making new investments.

The alternative-investment arm of the French asset manager AXA, the third largest private equity investor in Europe, has made no firm decision on the launch.

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Posted by rjorr at October 9, 2009 9:08 AM