2025 Universal Registration Document (Antin Infrastructure Partners)

Summary

• Antin Infrastructure Partners managed €33.8 billion in Assets Under Management (AUM) and €22.0 billion in Fee-Paying AUM as of 31 December 2025.p.6
• Since inception, Antin achieved 17 exits from its Flagship strategy with a Realised Gross Multiple of 2.5x and a Realised Gross IRR of 22%.p.6
• Mid Cap Fund I manages €2.2 billion in commitments targeting investments of €50-300 million, while NextGen Fund I manages €1.2 billion.p.8

Key insights

1. Antin signed six new investments in the last four months of 2025 across Flagship V, Mid Cap I, and NextGen I.p.4
2. The Board of Directors proposed a 2025 payout ratio of 114% based on underlying net income.p.7
3. Global asset management industry AUM grew from ~$76 trillion in 2015 to ~$139 trillion in 2024.p.16
4. Private infrastructure AUM expanded at a compound annual growth rate of 14% between 2018 and 2024.p.17
5. Antin raised a total of €28 billion in fee-paying commitments across eight funds since its inception.p.22
6. Partners and employees committed €189.8 million from their personal resources across fund vehicles as of 31 December 2025.p.25
7. Antin maintained its position as the ninth largest infrastructure investor globally and second in Europe in 2025.p.18