Vesper Infrastructure Partners has secured €1bn for its European mid-market value-add infrastructure strategy.
The fund manager said the total capital raised for the Vesper Next Generation Infrastructure Fund I and associated co-investment initiatives exceeded its initial target of €800m.
The fundraising was sourced from institutional investors across Europe and North America, as well as large global alternatives consultants, the manager added.
As previously reported, a number of investors, including the European Investment Fund, Generali’s private equity arm, Mediobanca and Italian pension funds, participated in the fundraising.
Vesper Infrastructure said the fund has invested in six portfolio companies over the past 24 months, including RAD-x, EAG Bioenergy, SAF Aerogroup, BioHold, Thésée and Terakraft. The fund targets a total portfolio of nine to 10 companies, with a further three to four investments anticipated in the coming quarters.
Livio Fenati, founder and CEO at Vesper Infrastructure Partners, said: “Reaching total commitments of over €1bn in fund and related co-investment commitments is a landmark moment for the fund and a powerful validation of its strategy and industrial value creation approach.
“To have supported in building a fund of this scale and quality, in a competitive fundraising environment and in under three years, reflects the trust investors have placed in the fund and the dedication, experience and reputation of the entire Vesper Infrastructure Partners team in supporting the fund and its manager.”
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