Asterion Industrial Partners has achieved the final close of its second fund, Asterion Industrial Infra Fund II FCR, with €1.8 billion ($2 billion) of commitments. The fund had an initial target of €1.35 billion ($1.5 billion) and a hard cap of €1.5 billion ($1.7 billion).
The fund attracted commitments from 44 investors globally, with a high re-up rate from Fund I investors and strong participation from the management team. The investor mix includes pension funds, sovereign wealth funds, asset managers, insurance companies and endowments from across Europe, North America, the Middle East and Asia.
Like its predecessor fund, Asterion Fund II will also focus on mid-market infrastructure investments in Western Europe, targeting the telecommunications, energy, utilities and mobility sectors within its core focus markets of the United Kingdom, France, Spain, Portugal and Italy.
Asterion Fund II has already completed four investments.
