Pioneer Point Partners exceeds target and achieves €575 million Final Close on its maiden Infrastructure Fund.
Pioneer Point Partners LLP (“Pioneer”), the specialist sustainable infrastructure investment firm, has held the final close of Pioneer Investment Partners I. The fund raised €575 million on its maiden institutional fund, exceeding the €500 million target initially set.
With sole global advisory provided by Cotton Ginsberg Capital Partners, the Fund generated significant interest, with commitments from 15 highly reputable and long-established European and North American institutional investors, including pension funds, endowments, insurance companies, financial institutions and family offices.
The Fund is targeting a 15+% IRR over a ten-year term, including an annual cash yield of 4-6%, through a diversified portfolio of 8 to 10 investments. It 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, which previously saw the Firm commit over €900m of equity across ten investments on a deal-by-deal basis, delivering superior risk-adjusted returns.
Tanguy Cotton, Founding Partner, Cotton Ginsberg Capital Partners, says:
We are delighted to have worked with Pioneer Point in helping them attract high quality global institutional investors into their fund and exceeding their fund raising target. The success of the fundraise is testament to the strength of the Pioneer Fund offering and Pioneer’s discipline in investing in the Energy transition sector in the European mid-market infrastructure, as well as their differentiated asset management capabilities that add significant value to their portfolio investments.