Astira Capital Partners wraps up inaugural fund at $675m

• The fund’s LPs include financial institutions, insurance companies, family offices, funds-of-funds, endowments and foundations, consultants and seasoned CEOs and industry executives
• Lazard was the placement advisor for the fund while Kirkland & Ellis LLP served as legal counsel
• Astira was founded in 2023 by Azra Kanji, a former partner at Abry Partners

Astira Capital Partners has closed its debut fund at $675 million, beating its $500 million target.

Astira Capital Partners Fund I will focus on B2B services businesses.

The fund’s limited partners include financial institutions, insurance companies, family offices, funds-of-funds, endowments and foundations, consultants and seasoned CEOs and industry executives.

“Today’s announcement is a major milestone for Astira – we couldn’t be more excited and humbled to have earned the trust and support of an exceptional group of investors, particularly given the challenging fundraising environment,” said Azra Kanji, founding partner at Astira in a statement. “Their support underscores their faith in our ability to find attractive investment opportunities and use our deep sector expertise and operational capabilities to create value for the businesses in which we invest.”

Lazard was the placement advisor for the fund while Kirkland & Ellis LLP served as legal counsel.

Astira was founded in 2023 by Azra Kanji, a former partner at Abry Partners.

Based in Boston, Astira invest in the middle market.