Asterion Industrial Partners powers to increased hard cap with rapid €1.8bn Fund II close


European infra investor Asterion Industrial Partners has reached its increased hard cap for a €1.8bn final close of its second fundraise.

AltAssets reported last October that the firm had already reached the initial €1.5bn hard cap for Asterion Industrial Infra Fund II, which was then increased following approval from investors.

The final close comes less than a year after Asterion registered the vehicle.

Asterion only closed its debut vehicle in January 2020 – then the biggest private capital fund ever registered in Spain at €1.1bn.

Fund II will have the same strategy as its predecessor fund, focusing on mid-market infrastructure investments in Western Europe by targeting the telecom, energy, utilities, and mobility sectors within the UK, France, Spain, Portugal and Italy.

The fund has already completed four investments in the energy and telecom sectors. Recent deals include investing in fibre cable services provider MS3 to expand the company’s network across the north of England.

Winnie Wutte, founding partner of Asterion Industrial, said, “We are thrilled about achieving this new milestone for Asterion and we feel very honoured and grateful for the trust and support our investors have put in us.”

Asterion now has about €4bn of assets under management, including co-investment.

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