Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has held the final close of its second Fund, Asterion Industrial Infra Fund II FCR, with EUR1.8 billion in commitments.
The closing of the Fund, which had an initial target of EUR1.35 billion and a hard cap of EUR1.5 billion, comes slightly less than one year after its registration with the regulator (CNMV). Following approval from its Fund investors, the hard cap was raised to EUR1.8 billion late last year. Commitments to the Fund span 44 investors globally, with a high re-up rate from Fund I investors and strong participation from the management team.
Investors in the Fund include pension funds, sovereign wealth funds, asset managers, insurance companies and endowments from across Europe, North America, Middle East and Asia.
