Vesper Next Generation Infrastructure Fund I GP S.à r.l., (Vesper GP) has announced the successful completion of the final close of the fund, far exceeding its initial target of €800 million ($942 million) of total commitments and surpassing €1 billion ($1.18 billion) of total assets under management (AUM). This milestone marks the conclusion of the fundraise, attracting a geographically diversified group of institutional blue-chip investors from across Europe and North America, and support from some of the largest global alternatives consultants.
Globally, this closing ranks the fund as the largest first-time fund in the value-add space since 2023, when the fund was launched. Investors include leading pension funds, insurance companies, governmental organizations, asset managers and family offices drawn from North America and Europe.
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