Ares Management is leading a €100 million secondary investment to support Finint Infrastrutture's involvement in the €1.2 billion acquisition of Milione SpA, owner of Venice Marco Polo Airport. This deal, approved by regulators, will see Ardian commit €600 million in equity. The investment underscores the growing trend of secondaries capital flowing into core infrastructure assets.

The Venice airport is the main international gateway to northeastern Italy and is expected to be a key hub for traffic related to the Milano-Cortina Winter Olympics. Milione also controls Treviso Antonio Canova Airport. Ares's secondaries platform currently manages $38.4 billion across various asset classes. This investment demonstrates the increasing importance of infrastructure assets.

This deal highlights the appeal of airport infrastructure to investors. Airports offer stable, long-term cash flows, making them attractive to institutional investors. Secondaries markets allow investors to acquire stakes in existing private equity or infrastructure funds.

What happens next? The deal is expected to close soon, solidifying the ownership structure of Venice Marco Polo Airport. Investors will watch to see how the airport's performance evolves, especially with the upcoming Olympics. The deal also reflects broader interest in European infrastructure.