|
Listen to this story:
|
- €1.1B Raised in 12 Months: Fund II exceeded its €800M target, hitting its hard cap amid tough market conditions.
- Strong Institutional Backing: Over 50% of capital came from existing investors, signaling robust confidence in Pioneer’s strategy.
- Targeting Europe’s Green Transition: Fund II invests in energy transition and environmental infrastructure across Western Europe.
Pioneer Point Partners LLP has closed its second sustainable infrastructure fund, Pioneer Infrastructure Partners II SCSp, with €1.1 billion ($1.3 billion) in commitments—well above its original €800 million target.
“Fund II was materially oversubscribed, exceeding its initial target and reaching its increased hard cap in just over twelve months—a significant achievement in the current market environment,” the firm said.
The fund attracted a diverse base of institutional investors—public and private pension schemes, insurers, asset managers, endowments, and foundations—primarily across Europe and North America. Over half of the capital came from existing relationships, many of whom increased their allocations.
“This reaffirmed confidence in Pioneer’s focused, value-add approach to the lower mid-market,” the company noted.
Fund II continues Pioneer’s thematic, research-led strategy, investing in energy transition and environmental sectors across Western Europe. It has already completed two deals:
- Yeager Energy, a Dutch geothermal platform servicing the horticultural and residential markets.
- OG Clean Fuels, which operates a growing network of clean fuel stations across Europe.
RELATED ARTICLE: Blackstone Acquires $1B Santander Loans, Boosting Sustainable Infrastructure Investments
A third investment is signed and expected to close by the end of Q2 2025.
The fund is classified as an Article 9 product under the EU Sustainable Finance Disclosure Regulation (SFDR), aligning with top-tier environmental standards and targeting investments that support climate mitigation and a circular economy.
Fund II “aims to be an important participant financing and promoting environmentally impactful businesses,” Pioneer said.
Pioneer was advised by Campbell Lutyens as placement agent and Fried Frank as legal counsel.
Follow ESG News on LinkedIn