Asterion Industrial Infra Fund II reaches €1.8bn final close in less than a year

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 €1.8bn in commitments.

The closing of the Fund, which had an initial target of €1.35 billion and a hard cap of €1.5bn, comes slightly less than one year after its registration with the regulator. Following approval from its Fund investors, the hard cap was raised to €1.8bn 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.

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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.

Asterion Industrial Partners is an independent investment management firm focusing on infrastructure investments in the European mid-market. Headquartered in Madrid and with presence in London and Paris, Asterion combines transactional and operational experience with an industrial approach and active asset management within an independent and nimble platform.

Asterion aims to promote operational transparency, responsible investment practices, best-in-class governance and a strong culture both for itself and in the companies in which it invests.

Source: Private Equity Wire

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