Asterion Industrial Partners’ Fund II exceeds target and hits hard cap eight months after launch

  • Asterion Fund II’s c€1.5bn in commitments span across 39 investors globally with strong participation from Fund I investors and from the management team.
  • The Fund has already completed two investments in the solar and fibre spaces, in Spain and Italy respectively.

Madrid, 20th October 2021 –Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, announced today that it has secured c€1.5bn in commitments in its second fund, exceeding the €1.35bn target and hitting the hard cap. Asterion Industrial Infra Fund II FCR was registered within Spain’s National Securities Market Commission (CNMV) in February 2021, only eight months before. The Fund’s c€1.5bn in commitments span across 39 investors globally and include a very strong participation from Fund I investors as well as from the management team, for a continued strong alignment.

 

The Fund, which has finalized its active fundraising activities, reserves its right to accept a reduced, selected, additional number of investors by year end, subject to a potential small increase of the hard cap to be approved by Fund investors. This potential increase would be limited and always aligned with Asterion’s intention to remain very disciplined about its mid-market strategy.

 

Asterion Fund II will have the same strategy as its predecessor fund, focusing on mid-market infrastructure investments in Western Europe and targeting the telecom, energy, utilities, and mobility sectors within its core focus markets of the UK, France, Spain, Portugal, and Italy. Using rigorous discipline on underwriting infrastructure risk and applying its industrial approach to value creation, Asterion will continue to seek attractive opportunities also in partnership with its Fund investors through co-investment as an important part of its strategy.

As of today, Asterion Fund II has already completed two investments and has a robust pipeline. The first two investments are in Barter Energy, the solar collective self-consumption company based in Spain, a build-up as part of the Energy Transition Solutions (“ETS”) platform, and Retelit, the Italian independent fibre operator for which the tender offer was successfully completed earlier this month and is in the process of being delisted.

 

Winnie Wutte, Founding Partner of Asterion Industrial commented: “we are very pleased with the partnerships we continue to build with our investors. We are tremendously grateful for the ongoing support for Asterion and our ability to continue to invest behind the attractive opportunities we are seeing in the market”.

ABOUT ASTERION INDUSTRIAL PARTNERS

 

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.