Pioneer Point Partners has raised €1.1bn for its second European infrastructure fund, exceeding its initial target of €800m.
The manager said the fundraising for Pioneer Infrastructure Partners II closed at its increased hard cap after just over twelve months of fundraising, securing capital commitments from investors like pension funds, insurers, asset managers, endowments and foundations, mainly across Europe and North America.
More than half of the capital commitments came from existing investor relationships, Pioneer Point added.
Fund II follows Pioneer Points’s existing strategy, utilising thematic origination alongside a value-add approach for investments in the energy transition and environment sectors throughout Western Europe.
Pioneer Point said the fund has so far invested in Dutch geothermal platform Yeager Energy and OG Clean Fuels, a European platform of clean fuel filling stations. The fund has also signed a third investment, with completion expected in the current quarter.
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