Pioneer Point Partners achieves first close for €500m sustainable infrastructure fund
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LONDON, Jan. 26, 2021 /PRNewswire/ Pioneer Point Partners LLP ( Pioneer ), the specialist infrastructure investment firm, has reached the €150m first close target of its maiden institutional fund, Pioneer Infrastructure Partners SCSp ( the Fund ). The first close has been supported by five European and North American institutions. The Fund is seeking to raise total capital commitments of €500 million and is targeting a 15+% IRR.
The Fund will be deployed in line with Pioneer s historically successful lower mid-market, value-add infrastructure strategy in the energy transition and environment sectors across Western Europe. Pioneer has previously committed nearly €900 million of equity across nine investments on a deal-by-deal basis, delivering superior risk-adjusted returns.