Asterion secures EUR1.5 bn investment for Asterion Industrial Infra Fund II

Asterion Industrial Partners has secured EUR1.5 billion (US$1.75 billion) in commitments in its second fund, Asterion Industrial Infra Fund II FCR. The commitments span across 39 investors and include the investors from previous Fund I.

This result exceeds the EUR1.35 billion (US$1.57 billion) target and hits the hard cap, eight months after the fund was registered within Spain’s National Securities Market Commission (CNMV). The Asterion Fund II has finalized its active fundraising activities but reserves its right to accept an additional number of investors by the end of the year-end, subject to a potential small increase of the hard cap to be approved by Fund investors. 

Asterion Fund II is focused on mid-market infrastructure investments in Western Europe and targets the telecom, energy, utilities, and mobility sectors within its core focus markets of the UK, France, Spain, Portugal, and Italy. The fund has already completed two investments- one in the solar collective self-consumption company in Spain and another one in Italian independent fibre operator, and has a robust pipeline.