Pioneer Point Partners LLP has reached the EUR 150 million (US$ 182.44 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 EUR 500 million (US$ 608 million) and is targeting a 15+% IRR.

The Pioneer team was advised by Cotton Ginsberg Capital Partners, which acted as placement agent, and Fried Frank, which acted as legal counsel.