In Europe, Pioneer Point Partners announced the final close of its second sustainable institutional fund, Pioneer Infrastructure Partners II SCSp (“Fund II”), having raised over €1.1 billion in commitments. This significantly exceeded the initial €800 million target and reached the increased hard cap, a notable achievement raised in just over twelve months. Fund II received strong demand from a diverse range of institutional investors across Europe and North America, with over half of the commitments coming from existing investors. The fund continues Pioneer’s strategy of applying a thematic, research-driven approach to invest in energy transition and environment sectors in Western Europe. Since July 2024, Fund II has completed two investments: Yeager Energy, a Dutch geothermal platform, and OG Clean Fuels, a European clean fuel filling station platform, with a third investment planned for Q2 2025. Fund II is classified as an Article 9 Product under SFDR, aiming to finance environmentally impactful businesses supporting climate change mitigation and the circular economy.
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