EIF commits $26m to Aster fund

Nov 27, 2012 • Joanne Faulkner

The European Investment Fund (EIF) has committed €20m ($26m) to France-based Aster II, a €105m venture capital fund managed by Aster Capital.

Aster II, launched in 2010, is sponsored by three major industrial corporates: engineering company Schneider Electric, energy solutions and transport company Alstom and Solvay, a Belgian chemical company.

Aster II had aimed to close its funding on €150m. The first close of Aster II fund was at €70m in January 2010, with €40m from Schneider Electric and €30m from Alstom. In 2011,…

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