Asterion Industrial reaches EUR1.1bn final close for Infrastructure Fund I

Asterion Industrial Partners, an independent investment manager focused on infrastructure investments in Europe, has reached a final close of about EUR1.1 billion (US$1.22 billion) on its inaugural fund Asterion Industrial Infra Fund I, FCR.

The Final Close was held just over one year since the launch of the Fund. Following the approval of its investors, the Fund raised the original EUR1 billion hard cap to EUR1.1 billion (US$1.22 billion) to be able to accommodate strong demand above the EUR850 million(US$943.07 million) targets. After this, Asterion Industrial Infra Fund I becomes the largest private capital fund ever registered in Spain and one of the largest infrastructure-focused funds in Europe.

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

Since inception, Asterion has been actively investing in several opportunities for the Fund in line with its investment strategy across Europe. In addition to the EUR1.1 billion (US$1.22 billion) of capital commitments to the Fund, the Asterion team has also generated more than EUR500 million (US$554.75 million) of co-investment opportunities in some of its transactions closed to date also including opportunities pending closing, taking total capital under the company’s management to close to EUR1.6 billion (US$1.7 billion).