Pioneer Point Partners Closes €1.1B Second Sustainable Infrastructure Fund

Fried Frank advised Pioneer Point Partners LLP ("Pioneer"), the specialist sustainable infrastructure investment firm, on the formation and fundraising of its second sustainable institutional fund, Pioneer Infrastructure Partners II SCSp ("Fund II"), reaching its increased hard cap at over €1.1 billion in commitments at final close. Fund II was materially oversubscribed, exceeding its initial €800 million target and was raised in just over twelve months, a significant achievement in the current market environment.

Fund II is a continuation of Pioneer's historically successful strategy, applying its thematic, research-driven origination and value-add approach to invest in energy transition and environment sectors across Western Europe. Fund II, as per Pioneer's first flagship fund, is classified as an Article 9 Product under the Sustainable Finance Disclosure Regulation, with the aim to be an important participant financing and promoting environmentally impactful businesses that drive climate change mitigation and the transition to a circular economy.

The Fried Frank team was led by corporate partner Mark Mifsud and corporate special counsel Nicola Bruton.