ASTERION INDUSTRIAL PARTNERS, SGEIC, S.A.

Thesis

Asterion Industrial Partners is an independent investment management firm founded in 2018, specializing in European mid-market infrastructure with a pan-European approach targeting Western Europe, particularly Iberia, Italy, and France. They focus on essential infrastructure assets in energy & utilities, telecommunications, and mobility. Their strategy involves acquiring and actively managing these assets with an industrial approach, combining financial and operational expertise to create value. Asterion typically takes controlling stakes, emphasizing disciplined risk management and downside protection. Responsible investment and ESG are integral, with formal integration into their investment process and asset management. As of September 2025, they manage approximately $10 billion in AUM across two funds and co-investments. Fund II closed at €1.8 billion ($2.05 billion) and Fund III closed at €3.4 billion. The firm is headquartered in Madrid, Spain, with an office in London, UK.