Pioneer Point Partners (Pioneer), a specialist sustainable infrastructure investment firm, has reached a Final Close of EUR575 million on its maiden institutional fund, Pioneer Infrastructure Partners SCSp.
The Final Close exceeded the EUR500 million target that Pioneer initially set.
The Fund generated significant interest, with commitments from 15 highly reputable and long-established European and North American institutional investors, including pension funds, endowments, insurance companies, financial institutions and family offices.
The Fund is targeting a 15 per cent-plus IRR over a ten-year term, including an annual cash yield of 4-6 per cent, through a diversified portfolio of eight to 10 investments. It will be deployed in line with Pioneer’s lower mid-market, value-add infrastructure strategy in the energy transition and environment sectors across Western Europe, which previously saw the firm commit over EUR900 million of equity across ten investments on a deal-by-deal basis, delivering superior risk-adjusted returns.