Spain’s largest private equity firm, Asterion Industrial Partners (Asterion), is looking to raise more than €2bn ($2.2bn) from investors for a new fund that will focus on European infrastructure investments, according to a report by Bloomberg.
The report cites people familiar with the matter as revealing that Asterion is currently preparing documentation and working with the securities regulator to get clearance for the fund launch in what is known as the ‘pre-market’ phase.
According to one of Bloomberg’s sources, the firm is planning to begin sounding out potential investors in the next few weeks.
Asterion, which was set up six years ago by former KKR & Co executive Jesús Olmos Clavijo, has raised a combined €2.9bn through two previous funds, which raised €1.1bn and €1.8bn in January 2020 and February 2022 respectively, making it Spain’s largest private equity firm. It has since acquired infrastructure assets in Spain, Germany, Italy, France and Ireland, ranging from power utility to fiber optic broadband networks.
