A number of investors, including the European Investment Fund (EIF), Generali’s private equity arm, Mediobanca and Italian pension funds, have participated in the initial fundraising for a Vesper Infrastructure Partners fund.
Vesper Infrastructure said its Vesper Next Generation Infrastructure Fund I – which currently has over €570m in managed assets at its interim close – secured €75m from EIF. Additional contributions came from investors such as Generali Lion River and various international family offices, though specific amounts were not disclosed.
The fund has raised over 60% of its targeted fundraising amount to date.
The European mid-market value-add infrastructure manager also said it received interest and support from the broader co-investment community to invest alongside the fund.
The fund’s investments include the acquisition of RAD-x, a medical imaging platform operating in Germany and Switzerland, in partnership with Swiss Life Asset Managers, and a majority investment in EAG Bioenergy, a bioenergy platform in the UK and Republic of Ireland.
Livio Fenati, founder and CEO at Vesper Infrastructure Partners, said: “It’s been a very busy 18 months at Vesper, and we are proud of what the fund has achieved and for what the future holds.
“As advisor to the AIFM, we remain entirely focused on implementing the fund’s distinctive investment strategy, by targeting the underserved European mid-market value-add infrastructure segment and leveraging our proprietary approach to research, origination and industrial value creation.”
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