Antin Infrastructure Partners fell sharply on Wednesday morning on the Paris stock exchange following a downward revision of its outlook for the 2023 financial year, due to an environment deemed more difficult for fund-raising.

The infrastructure investment specialist announced this morning that it was only expecting recurring EBITDA of around 170 million euros, compared with around 200 million previously.

Antin also stated that it would not be able to raise €10 billion, as initially planned, for its fifth Flagship Fund ('Fund V') by the time it closes by the end of the year.

In a press release, the company said it was instead expecting to raise €9 billion for Flagship Fund V, citing the current delicate fund-raising environment.

At September 30, assets under management totaled 30.8 billion euros, representing an annual growth rate of 6.4%.

At 10:45 a.m., the share price was down nearly 13%, representing a decline of more than 48% since the beginning of the year.

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