Pioneer Point Partners has achieved the final closing of its second sustainable institutional fund, Pioneer Infrastructure Partners II, raising more than €1.1 billion ($1.3 billion) of commitments in approximately 12 months.
Pioneer confirmed Fund II was materially oversubscribed, exceeding its initial €800 million ($911 million) target and reaching its increased hard cap. The investment vehicle was backed by a diverse number of highly reputable institutional investors, including public and private pension funds, insurance companies, asset managers, endowments, and foundations, predominantly across Europe and North America.
More than 50 percent of the total commitments came from existing investor relationships, many of whom increased their allocations, reaffirming confidence in Pioneer’s value-added approach to the lower middle market. Fund II also attracted a significant number of new investors, enhancing Pioneer’s institutional and geographic reach.
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