Asterion Industrial Infra Fund I is targeting to raise EUR 850 million (US$ 954.83 million) by summer 2019. The fund has already raised EUR 520 million (US$ 584.13 million) from twelve investors around the globe, including sovereign fund of Abu Dabi and the British Pantheon Partners.

The fund will use the raised capital to buy European assets of telecommunications, energy and transport infrastructures. The fund has the capacity to make acquisitions of EUR 5 billion (US$ 5.61 billion) in total. The fund has an investment deployment period of 5 years and capital return period of ten years.

The fund expects to make between eight and ten purchases. The first purchase was the acquisition of 50% of the French company of energy meters Proxiserve, for about EUR 350 million. Now, Asterion is bidding to buy the data centers of Telefónica, valued at around EUR 600 million.