Pioneer Point Partners LLP has closed its second institutional sustainable infrastructure fund, Pioneer Infrastructure Partners II SCSp (Fund II), raising more than €1.1 billion ($1.3 billion) —well above its initial €800 million ($906 million) target. The fund reached its hard cap in just over 12 months, despite challenging market conditions.
The strong investor response came from a broad range of institutional backers, including public and private pension schemes, insurance firms, asset managers, endowments, and foundations, primarily across Europe and North America. More than half of the capital raised came from existing investors, many of whom increased their commitments, underscoring continued confidence in Pioneer’s value-add investment approach targeting the lower mid-market.
Fund II continues Pioneer’s strategy of investing in the energy transition and environmental sectors in Western Europe, underpinned by a thematic, research-led origination model. Since its first close in July 2024, the fund has made two investments: Yeager Energy, a Dutch geothermal platform serving horticulture and residential sectors, and OG Clean Fuels, which operates a network of clean fuel filling stations across Europe. A third transaction is expected to complete by the end of Q2 2025.
Classified as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation (SFDR), Fund II is focused on supporting environmentally impactful businesses that contribute to climate change mitigation and the circular economy.
Pioneer Point was supported on the fundraising process by Campbell Lutyens as placement agent and Fried Frank as legal adviser.
