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Madrid Spain
Ex-KKR infra co-head Jesús Olmos’ year-old outfit is the exception. In reality, a significant number of LPs are unwilling to commit to first-time vehicles. Here’s why Asterion was successful.
Madrid Spain
Asterion Industrial Infra Fund I closed on its revised hard-cap and is already close to 60% invested.
Solar panels, photovoltaic - alternative electricity source
Enel will seed the new entity, which builds on the two companies’ partnership in Italy, with some 200 distributed photovoltaic generation, co-generation, tri-generation and energy efficiency projects.
hydropower
The French fund manager will finance its portion of the €2.2bn acquisition through its recently closed European renewables fund and a co-investment vehicle created for this specific transaction.
Madrid Spain
The Madrid-based firm expects to reach a final close by year end on its €1bn hard-cap for what is already one of Spain’s largest-ever private equity vehicles.
The move is the first in Europe by the fund, which last month reached $1.6bn of commitments.
The proposed cuts, to be imposed from 2021, are 'harsher than what we were expecting', according to ratings agency S&P.
Madrid Spain
Acquisition of 11 data centres follows the Spanish firm’s recent launch of a renewables platform and marks the third investment through its debut fund.
The €519m initial close for Asterion Industrial Partners’ debut vehicle comes as fellow alumnus Guido Mitrani prepares to join firm in the coming weeks.
The country’s desire ‘to send a positive signal’ to renewable investors would be far more effective if it stopped trying to battle compensation awards from its past
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