Pioneer Point Partners LLP, the specialist sustainable infrastructure investment firm, is pleased to announce the final close of its second sustainable institutional fund, Pioneer Infrastructure Partners II SCSp (“Fund II”). Fund II was materially oversubscribed, exceeding its initial €800 million target and reaching its increased hard cap at over €1.1 billion in commitments. Fund II was raised in just over twelve months, a significant achievement in the current market environment.
Fund II received strong demand from a diverse number of highly reputable institutional investors including public and private pension funds, insurance companies, asset managers, endowments, and foundations, predominantly across Europe and North America. Over 50% of total commitments came from existing investor relationships, many of whom increased their allocations, reaffirming confidence in Pioneer’s focused, value-add approach to the lower mid-market. Fund II also attracted a significant number of new investors, enhancing Pioneer’s institutional and geographic reach.
Fund II is a continuation of Pioneer’s historically successful strategy, applying its thematic, research-driven origination and value-add approach to invest in energy transition and environment sectors across Western Europe.
Since its first close in July 2024, Fund II has completed two investments, including Yeager Energy, a Dutch geothermal platform that develops, builds and operates geothermal energy projects for the horticulture and residential sector, and OG Clean Fuels, a leading European clean fuel filling stations platform. Pioneer has also signed a third investment that is scheduled to complete at the end of Q2 2025.
Fund II, as per Pioneer’s first flagship fund, is classified as an Article 9 Product under the Sustainable Finance Disclosure Regulation, with the aim to be an important participant financing and promoting environmentally impactful businesses that drive climate change mitigation and the transition to a circular economy.
Pioneer Point was advised on the fundraise by Campbell Lutyens as placement agent and Fried Frank as legal counsel.