Ancala files $2.2 billion offering for fourth infrastructure fund

Ancala Infrastructure Fund IV SCSp filed a Form D with the SEC on Oct. 21 listing a $2.2 billion total offering amount and $0 sold. A parallel vehicle, Ancala Infrastructure Fund IV (USD) SCSp, filed the same day with the same $2.2 billion offering amount and $0 sold.

Both are Form D notices for pooled private equity funds; each names Ancala Infrastructure Fund IV GP S.à r.l. as manager and states the first sale is yet to occur.

For allocators weighing a commitment, the filings establish two vehicles: a base fund and a dollar-denominated SCSp, so a dollar-mandate LP would sign into the dollar vehicle.

The identical offering amounts suggest the two entities are parallel routes into one fund, not separate pools to be added together. Because no capital has been recorded as sold, a commitment now would come before any recorded sale; the $2.2 billion is an offering size, not capital raised.