Pioneer Point achieves EUR150mn first close for Pioneer Infrastructure Partners

Pioneer Point Partners LLP, the specialist infrastructure investment firm, has reached the EUR150 million (US$181 million) first close target of its maiden institutional fund, Pioneer Infrastructure Partners SCSp. The first close has been supported by five European and North American institutions. The Fund is seeking to raise total capital commitments of EUR500 million (US$604 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 EUR900 million (US$1.08 billion) of equity across nine investments on a deal-by-deal basis, delivering superior risk-adjusted returns.

Pioneer achieves this first close target in December 2020 with strong institutional backing, having started pre-marketing in February 2020 and set against a backdrop of the Covid-19 pandemic.