European mid-market infrastructure manager Asterion Industrial Partners has raised €1.5bn for its latest fund.
The manager said Asterion Industrial Infra Fund II exceeded its €1.35bn target and has achieved its hard cap eight months after launch.
Asterion Fund II was backed by 39 investors globally and include participation from Fund I investors as well as from the management team, Asterion said.
The fund, which has ”finalised its active fundraising activities, reserves its right to accept a reduced, selected, additional number of investors by year-end, subject to a potential small increase of the hard cap to be approved by fund investors”, the manager said.
Asterion Fund II targets telecom, energy, utilities, and mobility sector assets in Western European countries like the UK, France, Spain, Portugal, and Italy.
The manager said the fund has already completed two investments and has a robust pipeline. The first two investments are in Barter Energy in Spain and Italian fibre operator Retelit.
Winnie Wutte, founding partner of Asterion Industrial, said: “We are very pleased with the partnerships we continue to build with our investors.
“We are tremendously grateful for the ongoing support for Asterion and our ability to continue to invest behind the attractive opportunities we are seeing in the market.”
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