Pioneer Point Partners has held the final close of its second sustainable institutional fund, Pioneer Infrastructure Partners II SCSp (Fund II), exceeding its initial €800m target and reaching its increased hard cap at over €1.1bn in commitments. The fund, which was materially oversubscribed, was raised in just over twelve months.
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. It also attracted a significant number of new investors, enhancing Pioneer’s institutional and geographic reach.
The fund is a continuation of Pioneer’s 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.
