Asterion Industrial Partners has surpassed its fundraising target for its first fund, Asterion Industrial Infra Fund I, FCR, just one year after launching.
The fund, which was targeting €850 million ($939 million), reached €901 million ($995 million) in capital commitments on Oct. 31. It is one of the largest first-time infrastructure funds ever raised in Europe, as well as one of the fastest, according to Asterion.
Asterion Industrial Infra Fund I, FCR was backed by a diversified base of institutional investors, including pension funds, sovereign wealth funds, asset managers, insurance companies and endowments from across Europe, North America, Middle East and Asia.
Asterion said the fund will remain open for a select number of investors who are currently in the process of completing additional subscriptions. The fund will be fully closed to further commitments before the end of the year.
Asterion has also generated an additional €400 million ($441
