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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
Up to 12 projects will be developed over the coming years through the seventh investment of InfraRed’s fifth fund.
APG and Corsair Capital have claimed victory in their bid for Itínere, although Globalvia insists its accepted bid in July remains valid.
The manager invested in the CSP sector in 2011 because it regarded it as ‘more sheltered from regulatory change’ than solar PV, which had been damaged by tariff cuts a year earlier.
The vehicle - which has invested in Europe, the US and Australia - has garnered over €400m to date but is still open to further fundraising.
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