Asterion Industrial Infra Fund II reaches EUR1.8bn Final Close

Asterion Industrial Partners, an independent investment management firm has reached the final close of its second Fund, Asterion Industrial Infra Fund II FCR, with EUR1.8 billion (US$2.05 billion) in commitments.

The closing of the Fund had an initial target of EUR1.35 billion (US$1.53 billion) and a hard cap of EUR1.5 billion (US$1.7 billion). Following approval from its Fund investors, the hard cap was raised to EUR1.8 billion (US$2.05 billion) late last year. Commitments to the Fund span 44 investors globally, with a high re-up rate from Fund I investors and strong participation from the management team.

Investors in the Fund include pension funds, sovereign wealth funds, asset managers, insurance companies, and endowments from across Europe, North America, the Middle East, and Asia.

The Fund intends to focus on mid-market infrastructure investments in Western Europe and target the telecom, energy, utilities, and mobility sectors within its core focus markets of the UK, France, Spain, Portugal, and Italy.