CACEIS, the leading European asset servicing group, has recently been selected to provide depositary services for Vesper’s maiden fund, Vesper Next Generation Infrastructure Fund I SCSp. The Fund’s AIFM is advised by Vesper Infrastructure Partners SRL, an independent advisor in the European value-add infrastructure space. Vesper Infrastructure Partners is a dynamic firm, established in 2023 by 6 founding partners with a track record of over €350bn of infrastructure transactions across Europe and more than 120 years of combined investment experience.
The Fund took the decision to migrate depositary and banking services to CACEIS. It is currently still fund raising, with assets under management of around €600m, a target fund size of €800 million and hard cap of €1bn. CACEIS’ experts from its specialised Private Assets division performed an efficient migration of all servicing aspects over to the group’s systems, ensuring uninterrupted servicing for all stakeholders.
Livio Fenati, Managing Partner and Founder of Vesper Infrastructure Partners stated, “We were impressed by the scope of CACEIS’ business proposal and saw the advantages we could gain for the Fund and the Fund’s LP base. Selecting CACEIS as depository bank gives us access to their experienced global team that will support our business development going forward. Migrations are always a key concern in such decisions, but CACEIS’ experience in this domain and speed of execution was evident during the entire process and the positive outcome has validated our choice.”
Frédéric Ullens, Global Head of PERES at CACEIS stated, “Our staff worked hard to demonstrate how our Private Assets capabilities could support the Fund. We are delighted that this resulted in our selection as their Depositary and Banking services provider and subsequent business migration. We are keen to take this opportunity to show to Vesper the benefits of working with our market-leading Private Equity division and hope to be able to increase the scope and depth of our servicing over the coming years.”
