A little over a year after launching, Asterion Industrial Partners’ inaugural infrastructure fund has completed a final close with €1.1 billion ($1.2 billion) in capital commitments, smashing through its €850 million ($942 million) equity fundraising target.
Asterion Industrial Infra Fund I raised its original hard cap from €1 billion ($1.1 billion) to €1.1 billion ($1.2 billion) in order to accommodate investor demand, making it the largest private capital fund ever registered in Spain and one of the largest infrastructure-focused funds in Europe. In addition to the €1.1 billion ($1.2 billion) of capital commitments to the fund, Asterion also generated more than €500 million ($554 million) of co-investment opportunities.
According to Asterion, investors in the fund include pension funds, sovereign wealth funds, asset managers, insurance companies and endowments from across Europe, North America, the Middle East and Asia.
Asterion has roughly €