Specialist sustainable infrastructure investment firm Pioneer Point Partners has closed its first institutional fund, Pioneer Infrastructure Partners, with €575 million ($651 million) of equity commitments.
The final close exceeded the €500 million ($566 million) target that Pioneer initially set, garnering commitments from 15 long-established European and North American institutional investors, including pension funds, endowments, insurance companies, financial institutions and family offices.
Pioneer Infrastructure Partners 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.
Since the first close in December 2020, the fund has committed €120 million ($135 million) to two investments, split 50-50 between Stream BioEnergy, a developer and operator of biogas plants in Ireland, and Altano Energy, which is building a renewa