Pioneer PP hits €575m for infrastructure fund

Pioneer Point Partners has reached €575 million on its maiden institutional fund, Pioneer Infrastructure Partners SCSp.

The fund generated commitments from 15 European and North American institutional investors, including pension funds, endowments, insurance companies, financial institutions and family offices. It targets 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.

Since the first close in December 2020, the fund has invested €120 million in two investments, including €60m to Stream BioEnergy Limited, a developer and operator of biogas plants in the Republic of Ireland and Northern Ireland, and €60m to Altano Energy, which is building a renewable energy portfolio in Spain.