AXA PRIVATE EQUITY RAISES EU1.75B FOR EU INFRASTRUCTURE INVEST.

     (The following press release from Axa Private Equity was received by 
e-mail. It was not confirmed by the sender.) 
Please see a release below from AXA Private Equity announcing that it has 
raised €1.75 
billion for investment in infrastructure.  For further information please 
contact Daniel Kahn or 
me on +44 207 367 5247. 
AXA Private Equity raises €1.75 billion for investment in European 
infrastructure
Final close of AXA Infrastructure Fund III reaches €1.45 billion in fund 
commitments with 
more than €300 million in co-investments
This latest fundraising means that AXA Private Equity now has $31 billion 
managed or advised 
in Europe, North America and Asia
Paris, March 18 2013: AXA Private Equity, the leading European diversified 
private equity 
firm, today confirms its position at the heart of European infrastructure with 
the successful 
raising of €1.75 billion for infrastructure investment, comprising €1.45 
billion in fund 
commitments in AXA Infrastructure Fund III and more than €300 million in 
co-investments. 
AXA Private Equity now has $31 billion managed or advised in Europe, North 
America and Asia.
The amount represents AXA Private Equity’s largest infrastructure fund to date 
and is a 
significant achievement in light of a difficult climate for fundraising and 
challenging 
economic backdrop. AXA Private Equity Infrastructure now has more than €3 
billion of assets 
under management.
A quarter of the new fund has already been committed across four high profile 
transactions, 
including the acquisition of a stake in utility company Enovos from 
ArcelorMittal and also 
Poweo’s operational French wind farms from Verbund. The Infrastructure Group 
has made 18 
investments across Europe since 2006, with an investment strategy targeting 
core 
infrastructure assets, namely in the energy and transportation sectors.
The latest fund has attracted a diversified investor base, ranging from large 
pension funds to 
direct investors from across the key North American, Asian and European 
markets. Many new 
investors have committed to the fund, alongside AXA Private Equity’s existing 
investor base, 
confirming growing global awareness of the firm’s international presence and 
its strategy to 
offer co-investment opportunities to its LPs.
Dominique Senequier, Chief Executive Officer, AXA Private Equity, said: “This 
closing serves 
to highlight AXA Private Equity’s position as a powerful player in European 
infrastructure. In 
the current climate, our strategy of long-term investment, real returns and 
regular yields have 
proven very attractive to the market. The influx of new investors, making up an 
increasingly 
diversified investor base, also shows the growing demand for infrastructure as 
an asset class.”
Mathias Burghardt, Head of Infrastructure, AXA Private Equity, said: “The 
amount we have 
raised in this market is very much at the upper end of our expectations and 
confirms our 
ability to fundraise well, even in a tough climate. AXA Private Equity will 
continue with its 
strategy of investment in core infrastructure assets working alongside leading 
industrial 
players, offering protection against inflation and low volatility. We will look 
to further boost 
proprietary deal flow through our excellent visibility in Continental Europe. 
Sophisticated 
investors today understand that Europe provides the most attractive deal flow 
opportunities to 
build a core infrastructure portfolio.”
Looking forward, AXA Private Equity predicts that European large corporate 
disposal 
programmes of non-strategic assets will produce high quality opportunities. The 
high number 
of regulated assets, such as gas and electricity grids as well as renewable 
energy assets, 
being put up for sale will continue. But the firm also expects to see a rise in 
the number of 
other types of assets coming onto the market, e.g. road and rail, both through 
government and 
corporate asset sales. 
ABOUT AXA Private Equity
AXA Private Equity is a world leader in private equity, with assets of $31 
billion managed or 
advised in Europe, North America and Asia. The company offers its investors a 
wide choice of 
funds covering the full range of asset classes: Funds of Funds (primary, early 
secondary and 
secondary), Direct Funds including Infrastructure, Small and Mid Market 
Enterprise Capital, 
Innovation & Growth, Co-Investment and Private Debt.
With offices in Beijing, Frankfurt, Jersey, London, Luxembourg, Milan, New 
York, Paris, 
Singapore, and Zurich, AXA Private Equity is committed to supporting companies 
in their long 
term growth by providing access to its international network. AXA Private 
Equity sets great 
store by the regularity and quality of its reporting on the performance of its 
funds and the 
performance of the companies in its portfolio, as a service to its investors. 
AXA Private Equity, Global Investments the European way
www.axaprivateequity.com<http://www.axaprivateequity.com/> 
Headland Consultancy
2-3 Eldon Street
London
EC2M 7LS
D: +44 (0)207 367 5240
M: +44 (0)7818 594 991
www.headlandconsultancy.com<http://www.headlandconsultancy.com>