AXA Private Equity announced yesterday the appointment of Juan Angoitia as Managing Director in the Infrastructure team based in the Paris office.

Mr. Angoitia has 15 years' experience within the infrastructure industry. He spent five years at Citi Infrastructure Investors (CII) as Investment Principal based in London. He managed investments in Kelda, a holding company of Yorkshire Water in the UK, and in Itinere Infraestructuras, S.A. in Spain.

The appointment follows a number of key developments for AXA Private Equity in infrastructure. In March 2013, the firm announced the successful raising of €1.75 billion for investment in the asset class, its largest infrastructure fund to date. One of the latest transaction is the recent agreement signed for the acquisition of London Luton Airport alongside AENA. AXA Private Equity's Infrastructure team has now $4 billion of assets under management.

Mathias Burghardt, Head of Infrastructure at AXA Private Equity, said:

"I am extremely pleased to welcome Juan to our growing Infrastructure team. His extensive industrial experience in infrastructure, and particularly in the airport sector, will prove invaluable to our existing and future investments."

Juan Angoitia, Managing Director at AXA Private Equity, added:

"AXA Private Equity has a tremendous track-record in European infrastructure, emphasized by its ability to successfully fundraise amid such a challenging economic backdrop. We expect to see a rise in the number of transportation assets coming onto the market through government and corporate asset sales, and I look forward to helping the team capitalize on these and further opportunities."

Prior to CII, Mr. Angoitia spent 10 years at Grupo Ferrovial, S.A. He began his career at Cintra as part of its toll roads management team in Chile. He was also involved in the acquisition and management of Cintra's investments in airports, before moving to Sydney to manage the company's investment in Sydney International Airport. In 2006, Mr. Angoitia was a member of the team which acquired BAA.

Mr. Angoitia holds a Degree in Business and Economics from the Universidad Autonoma de Madrid in Spain and a MBA from the IE.