The law firm Addleshaw Goddard has advised Asterion Industrial Partners on the first close of its third infrastructure fund, Asterion Industrial Infra Fund III FCR, which has attracted investments worth €1,500 million so far. Led by Jesús Olmos, the team aims to reach a target size of between €3,200 million and €3,600 million for this new vehicle, potentially making it the largest private equity fund in Spain’s history.
Like its previous two funds, Asterion Industrial Infra Fund III’s investors include pension funds, sovereign wealth funds, asset managers, and insurance companies from Europe, North America, the Middle East, and Asia. This first closing has seen significant participation from investors in previous funds, as well as the inclusion of new global institutional investors.
The main lawyers from Addleshaw Goddard on this project are partner Isabel Rodríguez, counsel María de Orueta, and associate Gonzalo Lozano. Other key team members include fund associates Maria Mata, Lara Taylor, Paolo Caretta, and tax senior associate Covadonga Perez.
Asterion Industrial Infra Fund III will focus on investments in the energy, telecommunications, and transport sectors across five European countries: Spain, France, Italy, Portugal, and the United Kingdom. The fund is also open to investments in other Western European countries.