London-based sustainable infrastructure investment firm Pioneer Point Partners announced that it has raised over €1.1 billion (USD$1.2 billion) for its second sustainable institutional fund, Pioneer Infrastructure Partners II.
The firm noted strong demand for the sustainable infrastructure-focused fund, with fundraising reached only twelve months following launch, and significantly exceeding its initial €800 million target. The fund is classified as Article 9 under the EU’s SFDR regulation.
Launched in 2008, Pioneer focuses on the energy transition and environment sectors across Western Europe, targeting the lower mid-market, value-add segment.
Investors in the fund included 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, the firm added.
To date, the new fund 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 an additional investment that it is scheduled to complete at the end of Q2 2025, the firm said.
