Asterion Industrial Partners raises €519m

The Madrid-based independent investment management firm has held an initial close for its pan-European infrastructure fund.

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Asterion Industrial Partners has held a first close of its pan-European infrastructure fund, Asterion Industrial Infra Fund I, at €519 million. The fund has a target size of €850 million and the firm expects to hold a final close in the summer of 2019. The fund will target telecoms, energy, utilities, and mobility companies primarily based in France, Italy, Portugal, Spain, and the UK, with a more selective approach to the rest of Europe.

Investors in the fund include sovereign wealth funds, pension funds and asset managers based in Europe, North America and the Middle East.