The Pioneer Point Partners LLP has reached a final close of EUR575 million (US$650 million) on its maiden institutional fund, Pioneer Infrastructure Partners SCSp. The fund has exceeded its initial target of EUR500 million.

The Fund has a target of 15+% IRR over a ten-year term, including an annual cash yield of 4-6%, through a diversified portfolio of 8 to 10 investments. Since the first close in December 2020, The fund has committed EUR120 million (US$134.49 million) in two investments, including EUR60 million (US$67.24 million) to Stream BioEnergy Limited in the Republic of Ireland and Northern Ireland, and EUR60 million (US$67.24 million) to Altano Energy in Spain.

Pioneer Point was advised on the fundraise by Cotton Ginsberg Capital Partners as placement agent and Fried Frank as legal counsel.