_Energy _ Digital _ People _ Elevated

Investing in a clean, connected and sustainable future

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We believe in a decarbonised economy, secure digital infrastructure, and healthy living
Clean Energy & Electrification of the EconomyThis megatrend represents a structural shift that goes beyond simply increasing the share of renewable power in the energy mix. It reflects a multi-dimensional transformation that is creating investment opportunities across new energy value chains, including sustainable energy generation, intermittency solutions, and carbon technologies that improve energy efficiency and support decarbonisation
Decarbonization of mobility & Connected LogisticInnovative technologies are creating opportunities to transform existing transport infrastructure and decarbonize terrestrial, maritime, and air transport, while improving logistics security and optimizing fleet costs
Secure digital infrastructure The growing digitalization of the economy and our open societies is driving a surge in data consumption, creating pent-up demand for secure fixed, wireless, and satellite digital infrastructure
Circular solutions & sustainable infrastructure for healthy livingOn a planet with finite resources and an aging population, the inevitable shift toward a circular economy and a more sustainable society is creating multiple infrastructure opportunities, including energy from recovered resources, regenerative agricultural solutions, and platforms that support the health and living standards of our societies
We back infrastructure companies that reduce emissions, strengthen connectivity, and build the foundations for a sustainable, more resilient future.
About
A fully independent infrastructure firm focused on European value-add
Vesper Infrastructure Partners was established in 2022 as fully independent infrastructure firm focused on value, add strategies for the European mid-market infrastructure space.Today, Vesper Infrastructure Partners is uniquely positioned to capable of providing its clients with
  • A unique mix of industrial, and operational know-how that has been acquired by its founders over decades of experience in the infrastructure market
  • A long-standing track record of origination, investing, financing and delivering operational value creation strategies across multiple infrastructure businesses in all key European economies
  • A deep and widespread pan-European network of relationships with strategics, financial investors, operating directors and advisors, which provides unparalleled sourcing capabilities for Mid-Market value add opportunities
Vesper Infrastructure Partners1 acts as exclusive advisor in respect of Vesper Next Generation Infrastructure Fund I SCSp2, a Luxembourg alternative investment fund managed by Sanne LIS S.A.3
Infrastructure Transactions Executed
200+Billion
European presence
4Offices
Direct Equity investments in Infrastructure
28Billion
VESPER GP AUM
1+Billion
Combined industry experience
120+Years
Partner Owned
100%
Founding Principles
Value-add
Investment Philosophy
Vesper Infrastructure Partners applies a distinctive and proven value-add investment philosophy that has been refined and tested over decades of infrastructure investing. Our approach is built around three main pillars:
Megatrends and Key Investment Themes
Continuous monitoring of transformative megatrends and proactive identification of infrastructure companies benefiting from such forcesMegatrend acts as a strong catalyst for change and disruptions which are capable of triggering material growth potential across different industries and sectors of the economy. Vesper focuses on the proactive identification of target companies active in key infrastructure segments / investment themes, which shows clear exposure to relevant megatrends and benefit from their growth and return generation potential.Learn more
Centrality of Capital Protection
Focus on robust capital protection featuresAs the concept of the infrastructure assets evolves from the original notion of the asset class (which was mainly focused on fully regulated-availability based energy asset or concession based transport assets), to include a growing number companies active in multiple new sectors (i.e. Data centers, health care infrastructure, logistic platforms, ...), it has become of paramount importance to ensure that potential target companies are closely screened to attest those intrinsic “infrastructure characteristics”, which are required to deliver robust capital protection and retain attractive risk adjusted returns for investors. Learn more
Industrial High Performing Governance
Value creation through implementation of a proprietary industrial, high-performance, governance frameworkOver the last two decades the founders of Vesper Infrastructure Partners have developed an industrial value creation playbook which is used to bring discipline and accelerate the execution of the envisaged operational and digital business transformation and value creation strategyLearn more
Who We Are
Team Behind the Thesis
We have decades of investment operational experience across sectors, geographies, and economic cycles.
Founder & Partners
Livio FenatiFounder and Managing Partner
Alfredo Maria De FalcoFounder
Paola RastelliFounder
Giacomo RossiCo-founder and Partner
Olaf NordmeyerCo-founder and Partner
Guillermo Royo-VillanovaCo-founder and Partner
News & Press Release
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January 5, 2026
Vesper Next Generation Infrastructure Fund I (the “Fund”) welcomes CDP Group, COFIDES and a mate-rial top-up from the European Investment Fund (“EIF”)
August 8, 2025
Vesper Next Generation Infrastructure Fund reaches €700m of AuM as part of its ongoing fundraise, signs its sixth investment, continues to see material opportunities for further capital deployment, and strengthens its operating platform and presence across Europe
August 1, 2025
Vesper Infrastructure agrees to invest in Terakraft, building one of the most cost competitive and fully-sustainable Data Centre in Europe
July 9, 2025
Vesper Next Generation Infrastructure Fund to acquire Thésée DataCenter, the first Tier-IV French data centre fully focused on premium services for clients with high data sovereignty requirements
June 6, 2025
Vesper Next Generation Infrastructure Fund finalises the acquisition of BioHold, a leading Italian bioenergy platform
April 3, 2025
Vesper Next Generation Infrastructure Fund entered into a put option agreement to acquire SAF Aerogroup, a leading mission-critical aerial emergency platform in Europe
January 21, 2025
Vesper Next Generation Infrastructure Fund I exceeds €570m of AuM, closes its second portfolio investment, and obtains the highest rating for a first-time fund and manager from a leading independent LP consultant
January 21, 2025
EIF commits €75 million to Vesper Next Generation Infrastructure Fund I to support sustainable infrastructure investments across Europe under InvestEU
October 24, 2024
Vesper Next Generation Infrastructure Fund I becomes the majority investor in EAG Bioenergy, partnering with existing investor OrbeNovo Capital, to deliver on the company’s bioenergy strategy in the UK and Ireland
March 18, 2024
Swiss Life Asset Managers and Vesper Next Generation Infrastructure Fund I acquire RAD-x, a leading diagnostic imaging and social infrastructure platform in Germany and Switzerland
Vesper Infrastructure
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